Mere hours after WSJ reported that trade-deal negotiations had hit a snag over how to roll back restrictions on Huawei - something that President Trump reportedly promised President Xi as a precondition for restarting talks - Bloomberg is following up with its own story about how Trump and Xi are making slow progress, raising doubts about whether the differences between the two sides can ever be reconciled.
Last week, President Trump complained in a tweet that China wasn't buying the agricultural goods it promised.
Mexico is doing great at the Border, but China is letting us down in that they have not been buying the agricultural products from our great Farmers that they said they would.
Sources close to Trump told Bloomberg that, with Trump already gearing up for his reelection campaign, the likelihood of a deal is looking increasingly remote.
Earlier this week, Trump warned that he could still impose more tariffs on China if he wanted, even as Steven Mnuchin and Robert Lighthizer, the leaders of the US delegation, were preparing for talks with their Chinese counterparts.
Beijing is apparently refusing to buy any American agricultural goods until restrictions on Huawei are lifted, and the US hasn't taken Huawei off the entities list.
The two sides remain at odds over Washington's demands for structural reforms, China's economy and Beijing's call for the US to remove all existing punitive tariffs on imports from China.
https://www.zerohedge.com/news/2019-07-18/stalled-progress-raises-doubts-about-prospects-us-china-trade-deal
Last week, President Trump complained in a tweet that China wasn't buying the agricultural goods it promised.
Mexico is doing great at the Border, but China is letting us down in that they have not been buying the agricultural products from our great Farmers that they said they would.
Sources close to Trump told Bloomberg that, with Trump already gearing up for his reelection campaign, the likelihood of a deal is looking increasingly remote.
Earlier this week, Trump warned that he could still impose more tariffs on China if he wanted, even as Steven Mnuchin and Robert Lighthizer, the leaders of the US delegation, were preparing for talks with their Chinese counterparts.
Beijing is apparently refusing to buy any American agricultural goods until restrictions on Huawei are lifted, and the US hasn't taken Huawei off the entities list.
The two sides remain at odds over Washington's demands for structural reforms, China's economy and Beijing's call for the US to remove all existing punitive tariffs on imports from China.
https://www.zerohedge.com/news/2019-07-18/stalled-progress-raises-doubts-about-prospects-us-china-trade-deal
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