The latest news of Sino US trade war: the 13th round of negotiations ends and both sides have achieved substantive results

October 12, 2019 news

President Trump met with Vice Premier Liu He when the new round of Sino US economic and trade consultations ended in Washington on Friday. The information disclosed by both sides at the first time shows that some progress has bee

Before the economic and trade consultation, public opinion was not optimistic about the results. Before the negotiation, the US made new pressure actions on China, which triggered a wave of pessimistic analysis in the world. However, the outcome of the negotiations was clearly better than expected. This is the result of the logic of the general situation.

The U.S. has been fighting a trade war with China for more than a year, but it really hasn't played a role. Apart from the losses suffered by both China and the United States, there is no sign that either side will win. When it comes to which side of the trade war has brought what is worth boasting about, there is a blank in people's minds. The so-called results cannot be supported by solid and credible evidence.
Of course, although the majority of those who support the end of the trade war are in the United States and China, it is not easy for people's desire to turn into a real confrontation between the two countries, and to quickly and decisively compromise each other around key differences. From the previous impasse to the end of the trade war, let the rational emotions of the society become the protagonist of the public opinion field of the two countries, and some leaps are needed in the middle.

This time, the two sides held frank, efficient and constructive discussions, made substantive progress in agriculture, intellectual property protection, exchange rate, financial services, expanding trade cooperation, technology transfer, dispute settlement and other fields, and discussed the arrangements for follow-up consultations. The situation is good. But every time the two countries make progress in negotiations, there will be some criticism in their own countries, claiming that their own side has "suffered losses" or even "surrendered".

Some of these voices are childish, and some of them are deliberate "criticism for criticism" for political and other reasons. It is hoped that neither China nor the United States will be disturbed by this voice. The negotiation team of the two sides will speed up negotiations in the next period of time to pave the way for the final agreement between the two countries.

The end of the trade war means the elimination of all tariffs, which is a hard indicator. The trade war has been going on for a long time, with more and more tariffs. However, the original intention of the two countries' economic and trade negotiations should not be forgotten. The return of tariffs to the mountainside means that the trade war is not over, but has eased. In order to advance the process of ending the trade war, both sides need to move forward firmly according to the consensus of the two heads of state.

The two sides agreed that China would buy more American agricultural products, which are needed by Chinese society. But China's intermittent purchase of American agricultural products will not create a stable environment in which American agriculture can accelerate its prosperity with the help of Chinese market. Only when the two sides sign a comprehensive economic and trade agreement can business partners of the two countries, including American farmers, make long-term development plans and stay away from the sense of turbulence.

China and the United States still have a lot of work to do to reach a final agreement. The target can be seen on the horizon ahead. It is important not to be distracted by other temptations, and to walk on the fork road again and again, which delays the real road to be rushed. Past experience has shown that such interference is often very active, and both China and the United States need to be determined.
There is still uncertainty in the future, and China still needs to look at the current progress calmly. The more negotiations, the more meaningful it is to "do your own thing well". No matter whether the progress in advance means "turning point", as long as we do our own things well, no matter what the front is, China will not be helpless to drift with the tide.

Reprinted from:news.zt5.com