However, the communiqué on the results of the negotiations was drawn up with unclear statements. The main idea is that China has to make efforts to reduce the U.S. deficit in bilateral trade by increasing imports of American goods such as agricultural products and hydrocarbons industry. But the statement doesn’t mention specific dates.
“Trump’s defeat is explained by several reasons. The first reason is China’s strong reaction to Washington’s increase in duties on steel and aluminum imports. Beijing responded to the U.S. sanctions quickly and symmetrically with an increase in duties on U.S. goods and delays in unloading ships in ports, as well as an anti-dumping investigation into U.S. sorghum culture. The second reason is the pressure of American business, which could have suffered from such a trade war,” V.Kholodkov said.
“This situation shows that the USA now is not as strong as it was many years ago. There is another economic force that can resist sanctions and pressure from the world hegemon and has all the tools to adequately respond to the Americans,” the analyst concluded.