Trump’s China Détente

Saturday night in Buenos Aires, over grilled sirloin steak with red onions, goat ricotta and dates, paired with a 2014 Malbec red wine, President Trump and President Xi Jinping called a trade war truce. According to the South China Morning Post, the room burst into applause.

Saturday night in Buenos Aires, over grilled sirloin steak with red onions, goat ricotta and dates, paired with a 2014 Malbec red wine, President Trump and President Xi Jinping called a trade war truce. According to the South China Morning Post, the room burst into applause.

The two world leaders agreed to a 90-day time out from Trump’s impending tariff hikes on Chinese imports into the US. The hike from 10 to 25% on $200 billion worth of Chinese imports, and tariffs on an additional $267 billion on Chinese goods were set to kick in New Year’s Day. The détente clock started ticked December 1st.

Among the administration’s concerns: China’s theft of intellectual property; forced technology transfers; and the high barriers to the Chinese market.

Clinton-era Secretary of State Madeline Albright, who was once reduced to running after Yasser Arafat in her stockinged feet, says Trump is right to be tough on the Communist regime.

National Economic Council Director Larry Kudlow describes Saturday’s talks as “remarkable.” He marvels that “we’ve never seen the hands on participation by President Xi, before.”

The White House advisor is careful to note, however, that “we’ve been down this road before with China… and we’ve been quite disappointed.”

As for Trump’s triumphant Sunday night tweet suggesting tariffs on US auto exports to China will be cut from 40% to zero, Kudlow insists that both he and the president expect just that.

CNBC market guru Jim Cramer tells eager investors, “If you want to understand what is working in this market, you need to think like a Chinese bureaucrat -- not like a portfolio manager – who’s trying to make President Trump happy.”

Lesen Sie auch

Schwarzmaler aus Jerusalem

Yuval Noah Harari gelingt ein internationaler Bestseller nach dem anderen. ...

Von Pierre Heumann
Jetzt anmelden & lesen

Kommentare

Die News des Tages aus anderer Sicht.

Montag bis Donnerstag
ab 16 Uhr 30

Besten Dank für Ihr Interesse an der Weltwoche. Ihr kostenloser Zugang ist leider abgelaufen.

Wir freuen uns, wenn Sie weiterhin unsere Webseite besuchen oder sogar ein Abonnement lösen.

Profitieren Sie hier von einem einmaligen Angebot.