China-US negotiations have been very intense! It is far from being as simple as the US claims that there is a very successful framework between China and the US. Vice Minister Li Chenggang (of the rank of full minister) has revealed more information! After the conclusion of the China-US negotiations, on October 26, Vice Minister Li Chenggang stated that the China-US economic and trade teams had conducted in-depth and sincere discussions and exchanges on the economic and trade issues both sides were concerned about. The discussions covered numerous topics, such as export control issues that each side was concerned about, and the further extension of the suspension period for reciprocal tariffs.
Fentanyl tariff and fentanyl drug control cooperation issues, further expansion of trade issues, the US-related measures concerning 301 ship fees, etc. Both sides have conducted constructive discussions. The US expressed its position firmly, while China maintained its interests firmly. After a day or more of very tense discussions, China and the US have constructively explored some proper solutions to address the concerns of both sides on these issues, and formed preliminary consensus. Next, each side will carry out internal approval procedures.
Evidently, according to the subsequent disclosure by Vice Minister Li Chenggang, the game on the negotiation table between China and the US can be said to be very intense. Vice Minister Li Chenggang's statement "the US expressed a firm position, and China is determined to protect its interests" indicates that both sides are full of anger, but the US did not gain any advantage. Moreover, we clearly see that after the negotiation, the US has not mentioned many negotiation details, while our side has mentioned them all. The US clearly has concerns about rare earths, fentanyl, soybeans, etc.
However, our side mentioned that the fentanyl tariff should be reduced, and the US 301 ship fee measures should be canceled. As for expanding trade, the US did not mention it at all. What does this indicate? This indicates that these issues we raised are areas where we require the US to make concessions to us, and our attitude is very firm. In a way, after the intense negotiations on the negotiation table, China and the US have reached some consensus. However, as for the US' claim of having a very successful framework, it may not be true. For us, the US' ability to fulfill its commitments is something that cannot help but be doubted. And next, we will see what the US does.
Original text: www.toutiao.com/article/1847042089634890/
Statement: The article represents the views of the author himself.