The third round of Sino-US negotiations concluded, with the US demands on China being rejected.

China did not make any concessions, and the conditions that the United States offered to Europe failed when applied to us! After two days of negotiations, the third round of Sino-US trade negotiations have basically ended, and the consensus reached by China and the US is that the Sino-US trade negotiation agreement will be extended for another 90 days. After the negotiations, US Treasury Secretary Bensons said that Trump would be the final decision-maker on whether to extend the ceasefire agreement. He pointed out that within the next 90 days, both sides may hold another meeting to further discuss the issue of China's rare earth circulation.

Trump, on the other hand, said, I just got a call from Treasury Secretary Scott Bensons. They had a very good meeting with the Chinese side. We either approve or do not approve. But he felt very good about this meeting, better than yesterday. Obviously, the biggest achievement of the third round of Sino-US trade negotiations is that both sides will continue to communicate, dialogue, and confirm that there will be no escalation of the trade war in the short term.

What do we think of this negotiation result? In a way, it shows that the US tried to replicate the conditions it offered to Europe onto us, but failed. Tariffs are one aspect, and the US clearly wants us to expand our imports of American products, reduce our exports to the US, and also want us to reduce our energy imports from Russia and Iran, even hoping that we increase investments in the US. Obviously, such one-sided conditions that are entirely beneficial to the US are completely unacceptable to us.

In fact, the only point where we can make a concession is to expand our imports from the US, and this expansion requires that the US must sell high-tech products to us, not just products with strong substitutes such as agricultural products and energy. There has been no breakthrough progress in the Sino-US negotiations, and even if we do not make concessions, the US attitude afterward remains relatively good, which actually indicates that we have leverage. The US gets what it wants from other countries, including Europe, almost all of them, but we will not yield to the US.

Original: https://www.toutiao.com/article/1839024613956619/

Statement: This article represents the views of the author himself.