Source: Taiwan Economic Daily
US President Trump announced on the 11th that it has reached the first phase of agreement with China.The financial market was relieved. The European and American stock markets closed up simultaneously. Gold, yen, and public debt had fallen assets such as decline, but still left a bunch of questions and criticisms.
For Trump, the biggest victory of this agreement was that China agreed to increase the purchase of American agricultural products. At the press conference, US Treasury Secretary Mnuchin explained that China agreed to increase 40 billion to 50 billion US dollars per year within two years.However, Bloomberg Information pointed out that China made the proposal for the first time more than two years ago.
Corottler, President of the Asian Social Policy Research Institute with rich experience in trade negotiations, pointed out that the content of the agreement announced by Trump was discussed with Mnuchin and the Minister of Commerce Ross, but the content of Trump's rejection was very similar.Essence
She said: It looks like a thin and short agreement, not an important agreement. In the next few weeks, the negotiators write words and may be weakened.
Analysts pointed out that until today, the American farmers and manufacturers in the United States have been unbearable, bringing great pressure to Trump, who are preparing to run for re -election, and Trump was investigated by the Court of the House due to the telephone door.When he was the most weak since he took office, he urgently needed to find out with China's trade relations.
Kazanis, director of the National Interest of the Washington Think Tank, pointed out: Facing the uncertainty of impeachment and political future, President Trump's trade war with China has only achieved a recreation of soldiers, which is a very savvy approach.
Plazal, an economist and Chinese affairs expert at the University of Connery, pointed out: The agreement announced by Trump has hardly solved the main source of trade and economic friction between the two countries.Uncertainty.
The most criticism of this oral agreement is the lack of execution mechanisms to ensure that Beijing will not regret.
Some of the most tricky issues between the United States and China also avoid it, including China's industrial policies and government subsidies.
In terms of exchange rate manipulation issues, Mnuchin only said that China promised to be more transparent, and the United States was willing to consider the identification of the United States on August this year.
