Under the proposed agreement, China would commit by 2025 to buy more U.S. commodities, including soybeans and energy products, and allow 100 percent foreign ownership for U.S. companies operating in China as a binding pledge that can trigger retaliation from the U.S. if left unfulfilled, the people said on condition of anonymity because the talks are private.
Stocks in Asia were mixed in early Thursday trading after American equities edged up to a six-month high, as investors look for signs of progress. The offshore yuan held at 6.7131 per dollar.
Other non-binding promises China has offered to implement by 2029 wouldn’t be tied to potential U.S. retaliation, they said, without elaborating.
Tag: Trace War
Art of the Deal v. Art of War. Who just won in the US-China trade war?
Total capitulation? Art of the Deal? There are actually some very interesting global dynamics at play and lessons to learn. First, to summarize, Trump announced a ‘Phase 1’ of trade deal with China. Moreover, to the dismay of many of his supporters who are virulently anti-China, he said the following: “There was a lot of…
— Read on worldaffairs.blog/2019/10/11/art-of-the-deal-v-art-of-war-who-just-won-in-the-us-china-trade-war/
Ms. Cat’s Chronicles 