Drudge Retort: The Other Side of the News
Monday, June 10, 2019

A widely anticipated meeting between Chinese President Xi Jinping and US President Donald Trump at the end of this month in Japan could be a formal face-to-face negotiation over dinner instead of a quick handshake and chat, a source who was briefed on the arrangement told the South China Morning Post.

The outcome of the meeting could decide whether tensions between the world's two largest economies will ease enough to allow for a resumption of negotiations, or whether the US will place tariffs on another US$300 billion worth of Chinese goods, bringing US tariffs to 25% on a total of $550B in Chinese goods.

George Magnus, an associate at Oxford University's China Centre, said that the US-China relations now lacks the effective institutional architecture for engagement and this is "why the state leaders have to spearhead some sort of rapprochement – assuming that one or both actually want to".

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US Treasury Secretary Steven Mnuchin said in an interview with CNBC on Sunday that the US president would be "perfectly happy" to impose the new tariffs if China did not wish to resume negotiations. Many analysts believe that imposition of 25% tariffs on all of China's exports to the US could have a devastating effect on the Chinese manufacturing sector and economy.

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In an interesting bit of personal diplomacy, the SCMP closed the article with this:

"Despite the sharp rise in nationalistic rhetoric from Chinese state media attacking the US, there have been few personal attacks on Trump or his aides.

At the St Petersburg International Economic Forum on Friday, Xi said that he did not want to see a decoupling of the US and China economies and, for the first time on record, called Trump "my friend".

On the other hand, while Trump has threatened to levy tariffs on Chinese products, he has also shown a willingness to continue the dialogue with China. "I'll be meeting with President Xi and we'll see what happens," Trump said last week during a visit to France."

Many China experts have said that a "friendship" proclamation from Xi would be the first indication that he was willing to make some concessions personally with Trump, so this could be a harbinger for a potential resolution.

#1 | Posted by Rightocenter at 2019-06-10 05:04 PM | Reply

Will there be delicious chocolate cake and cruise missiles?

#2 | Posted by donnerboy at 2019-06-10 07:16 PM | Reply

#2 - delicious chocolate cake

Funny but true. When I was in Beijing, the hotel served "American Breakfast" that included a thin sheet cake with icing cut into small squares.

They call it 'Birthday Cake'. haha.

*server pointing* -"You like Birthday cake?"

#3 | Posted by SheepleSchism at 2019-06-10 07:39 PM | Reply

Trump is holding out for more trademarks.

#4 | Posted by bored at 2019-06-11 11:13 PM | Reply

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