China and the US will reach a substantive agreement! Foreign media cited experts' views, stating that for the US to get what it needs, it must pay a price. On October 10, foreign media cited experts' opinions, saying that China's current negotiation posture has changed significantly, and it is more skilled at using its leverage such as key minerals and purchasing US soybeans to exchange for tariff reductions. For any demands the US makes on China, it must pay a price, making it harder for both sides to find a solution.
However, the probability of China and the US reaching a substantive agreement is very high, and this is likely to be a scenario where the US lowers or even cancels tariffs on Chinese goods, while China increases purchases of American products such as Boeing planes and other agricultural products. Regarding Trump's intention to bring more Chinese capital into American manufacturing, China may also be willing to cooperate. What do we think of this view from foreign media? There is no doubt that it is very reasonable.
Now the situation of the confrontation between China and the US has become very clear, which is that the basis for their interactions is mutual respect, and there is no option for China to unilaterally make concessions. However, from our perspective, if the US only lowers or cancels tariffs on Chinese goods, and we are asked to invest in the US with real money outside of purchasing American products, we should not accept it.
This is because, for us, the US has not paid any cost. What we want is not only for the US to lower tariffs, but also for the US to make concessions in export controls and to lift technological sanctions against us. In fact, the US should also make a commitment to open up its market more to us. The Sino-US negotiations have already gone through multiple rounds, and the US has already played all its cards. Continuing to drag on will not allow the US to gain more.
Original: www.toutiao.com/article/1845558618227851/
Statement: This article represents the views of the author.