Economic Daily
The G20 summit is imminent, and both US President Trump and Beijing have hinted that they have prepared for trade talks.Trump said on the 22nd that he was fully prepared for the Special Conference and said that he could reach an agreement to end the trade war.
Beijing also explained the visits on the 23rd. Zhang Jun, assistant to the Minister of Foreign Affairs of China, also expressed his hope that the G20 summit issued a clear signal for a firm support for the multilateral trading system and reiterated the consistent position of G20 against protectionism.
Trump and his family spent Thanksgiving in Haihu Manor. On the 22nd, the traditional U.S. President did not talk about politics during Thanksgiving. When facing reporters, he talked about the US and international politics, especially the US -China trade war.
When talking about his preparation, Trump said: I know each element and each statistics.I know more than everyone who knows these information.My intuition has always been correct, and he has been preparing for it throughout his life, not to sit down and study now.Trump continued to put pressure on China at the same time, saying that he did not change his position and pointed out that the tariff rate of US $ 250 billion in Chinese products is now 10%, and it will increase to 25%on January 1 next year.
Trump also said that China wants to reach an agreement. If we can reach an agreement, I will.He once again said that the relationship was very good, but ridiculous that I like him very much, and I believe he likes me too, but it may like me less than (before levying tariffs and trade war).
The G20 Summit will be held in Buenos Aires, the capital of Argentina from the 30th to December 1st. During this time, the two of them will hold a side talks.
Although Trump has a positive attitude towards the Special Association at the end of the month, a series of negative news came out in front of the meeting, including the US trade representative Lai Haizhe issued a report, accusing China of not correcting its unfairness, irrational, or market violations of trade policies;The U.S. Department of Commerce Industry and Security issued a preliminary notice of technical export control on the 19th, which plans to control 14 technology exports involving national security and advanced technology.
Some analysts believe that the atmosphere will be different from the APEC of the APEC (APEC) a few days ago, because the summit includes leaders from all over the world, focusing on global, not regional. Experts: The US -China trade war will not be resolved before Trump's campaign
The Standard Chartered Private Bank pointed out that the US -China Trade War will enter a temporary interruption in the next few months, but until the US presidential election in 2020, the trade war will not be resolved.
Steve Brice, the director of investment strategy of Standard Chartered Private Bank, said that this is because Washington has a political motivation behind the decision -making decision with Chinese trade disputes.US President Trump will seek re -election in 2020.
Bryce said: I think that this will be a political decision. For Trump, is it really good to solve the trade problem between the United States and China now?Some people say that he is better to wait until the first six months before the election, which is beneficial to him for re -election.If the trade war can be resolved, it will be able to promote economic growth and corporate profits, which will facilitate Trump's election.
Trump will meet at the G20 summit in Argentina next week, but experts believe that there will be no major progress.Bryce said that the US -China trade war may be temporarily interrupted, but when the presidential election is about to be, it will be sparkled again and again.
