More indications are emerging that China, its “never, never, never” mantra notwithstanding, is moving toward a trade deal with the United States – one that will make things far more equitable between our two countries.
Here is the latest indication, excerpted from Steven W. Mosher’s article at the New York Post:
As President Trump brings manufacturing back to the US — and closes in on trade deals with India, Japan, and South Korea — China’s days as “the world’s factory floor” are numbered. And Beijing is furious.
In a move harking back to the Cultural Revolution, Chinese schoolchildren are again being taught to hate the US. Class time is devoted to shouting anti-American slogans like “China must win the China-US trade war!”
China’s foreign ministry even released a video claiming that China “won’t kneel down” to the US, warning that bowing to US hegemony would be like drinking poison. At the BRICS meeting in Rio this week, Foreign Minister Wang Yi talked tough as well: “Silence or retreat will only embolden bullies.”
But it turns out that — in secret — Beijing has been quietly retreating as fast as it can.
Trump divulged in a Time magazine interview on April 25 that China’s Xi Jinping contacted him directly about tariffs, and later affirmed that he has since spoken with the Chinese dictator “many times.”
The Korean press has confirmed that “the United States and China have begun behind-the-scenes contact in relation to the ‘tariff war,’ ” and a high-ranking Chinese delegation was photographed entering the US Treasury Department in the early morning hours of April 24.
The hush-hush negotiations over trade have already begun to bear fruit, with China unilaterally reducing its punitive tariffs on 131 American goods.
Not surprisingly, the regime continues to lie to the Chinese people and to the world about all this.
The article goes on to point out – with specifics to back it up – that China’s economy, even before the tariff war, has degenerated into serious-to-near disastrous shape. That being the case, there is no way it can afford to lose any appreciable part of trade with the United States, which is far and away China’s largest market.
The bottom line? China has to deal with us.
And Donald Trump, who has spent his business life negotiating with, among others, the building trades in New York City, knows a little something about how contentious negotiations work…and when he has the winning hand.
China will deal. It has no choice. And, if this article is as accurate as it seems to be, the process has already started to take place.
