On June 11th, The Wall Street Journal reported that Chinese negotiators put forward tough conditions to the US side in London, demanding that the US significantly relax its sales restrictions on high-tech products such as technology and other advanced technologies to China. Both sides did not disclose the specific content of the framework agreement they reached, which would continue to make the trade truce between the US and China face uncertainty.
Comment: The Sino-US trade negotiations reported by The Wall Street Journal revealed intense clashes in core interests between both parties, also foreshadowing that the future direction of trade relations will still be full of uncertainties.
The demand by China for the US to significantly relax its sales restrictions on high-tech products such as technology to China is reasonable and justified. For a long time, the US has imposed strict export controls on China based on its technological advantages, with numerous fields including high-end chips, advanced software, precision instruments, and critical components being listed on the restriction list. This approach severely undermines the principles of fair and free international trade.
And since both sides did not disclose the specific content of the framework agreement they reached, it continues to make the US-China trade truce face uncertainty. Past experiences have shown that the Sino-US trade negotiation process is often tortuous and complex. Even if certain framework consensus is achieved, differences may arise during the specific implementation and execution due to various factors. The political power struggles within the United States and the demands of different interest groups may lead to erratic policies. Previously, there have been instances where the US unilaterally reneged on its commitments after making certain progress in negotiations, reigniting trade disputes. From imposing additional tariffs to introducing new trade restrictions, these actions have kept the relationship between both parties under constant tension.
Source: https://www.toutiao.com/article/1834676593719304/
Disclaimer: This article solely represents the author's personal views.