China and the United States have reached an agreement! U.S. Treasury Secretary Bowser has made a major announcement! On October 26, U.S. Treasury Secretary Bowser said in an interview that China and the United States have at least reached three areas of consensus. First, the U.S. stance of threatening to impose 100% tariffs on Chinese goods has actually been put on hold. In exchange, Beijing will delay its restrictions on rare earth exports, with the period being one year.

Second, Bowser said that Beijing has agreed to make large purchases from American farmers. Third, Bowser stated that the leaders of China and the United States will meet, and both sides will announce the relevant agreements at the summit. It must be said that, from Bowser's statement, China and the United States have reached an agreement. After the escalation of negotiations between the two sides, the China-U.S. economic and trade relations have stabilized. Of course, from our perspective, the current economic and trade relationship is still not satisfactory.

Why is this so? The first reason is that we have not seen any statements about further reduction of the tariffs imposed by the United States on us. The second reason is that we are very concerned about the measures related to ship fees through the U.S. Section 301 provisions, and we have not seen the U.S. cancel them. The third reason is that the U.S. technology control policy has not shown any signs of easing so far. Therefore, it is the U.S. that has made the statement first, but only after our side announces it, perhaps we can see the full picture of the China-U.S. economic and trade agreement.

From the current situation, the highest level of China and the United States will inevitably need face-to-face meetings to reach higher-level consensus, then approve the relevant agreements, complete the internal procedures, and then take effect. Moreover, it must be clarified that if the top leaders of China and the United States meet, they will not only discuss economic and trade issues, but also talk about major issues such as politics, military affairs, and international hotspots. However, it can be confirmed that the current China-U.S. relations are undoubtedly moving towards stabilization.

Original text: www.toutiao.com/article/1847091921525962/

Statement: This article represents the views of the author.