China recognized the value of his influence in the US trade talks
China recognized the value of his influence in the US trade talks
President Donald Trump could present the latest trade agreement between the USA and China as a victory for America, but the Chinese leadership persons seem to have emerged with an additional momentum.
detailed agreements remain hidden
Although the complete details of the agreement negotiated in London last Friday that it is largely an earlier restores the rapid about trust and stability than the tensions between increase both sides.
China's newly obtained negotiation strength
China has drawn an important lesson from the recent negotiations: the power of his own negotiating position towards the USA and how it can use it to its advantage. "China has the feeling that it was more negotiating than originally expected," said Liu Dongshu, an assistant professor for Chinese politics at the City University of Hong Kong. In the past few months of trade conflicts, Beijing has recognized: "Trump is not as hard as he seemed to be."
The reactions to the agreement
The official Chinese statements on the latest Agreement are far more reluctant than that of Trump, who announced in social media in capital letters that the "agreement was concluded with China" and how the USA would receive access to China's rare earths, while the high tariffs are maintained.
Beijing recognizes the seriousness of the situation
However, it is clear that Beijing is aware of the perception and how his many years of demands for an "equal dialogue" are now perceived differently with the United States. Washington now works like the desired advertiser who wants to enter into negotiations, and The US side the telephone call between the Chinese leader XI Jinping and Trump, which led to the conversations in London.trade agreements and its challenges
The agreement is a "framework" for the implementation of the ceasefire previously agreed in May on the two sides and does not cover the extent, the trump had demanded when he introduced so -called mutual tariffs against China and other countries in April.
The agreement still needs the final approval of Trump and XI, as US officials reported last week. The question of how urgently new negotiations will take place on a more comprehensive economic agreement remains unclear. It also seems that high tariffs continue to exist on Chinese goods, which Beijing wants to change in the coming months.
China's strategic advantages in trade
The Chinese leaders know that they have at least one ASS their sleeves: their control over the production of rare earths, which are essential for products from mobile phones to combat aircraft. In April, Beijing added seven of these minerals to his list of dual-use export controls after Trump increased the tariffs to Chinese goods. A subsequent decline in exports of the exports of throat earth from China threatened industries from electronics to defense to to energy and automobiles.
The mixture of urgency and pressure
The urgency that was noticeable in the USA also showed itself that the center of the XI Trump conversation was a rare earth. After the talks in London, China explained that the approval process for the export of US companies would accelerate, while the United States would overturn measures that they had taken "in the non-import of these rare earths", said US trade minister Howard Lutnick.
The apprenticeship that China's leadership draws from the events is that they "have real negotiating strength over the United States and other countries through their control over the critical minerals and the United States is sensitive to the use of this negotiation power," said Bert Hofman, extraordinary professor at the East Asian Institute of National University Singapore and former state chief of the World Bank for China.
The uncertainty in the negotiations
As China's leader imagine future negotiations with the Trump administration, the US President himself could also be viewed as an unpredictable variable. The acronym Taco, or "Trump Always Chickens Out", which was created in Wall Street, has found its way into the online discussions in China. In the eyes of Beijings, this call could be given to the Trump for his quick change of course in central trading policies.
In particular, if the United States is trying to achieve a more comprehensive reset of economic relationships between the USA and China, this could bring demands for more access for American companies to China's markets and purchase agreements in China.
coveted prestige and geopolitical considerations
for Beijing is every opportunity to present the Chinese leader as an equivalent partner to the US president, according to Yun Sun, director of the China program in the US Stimson Center. This is illustrated by China's interest in a summit between the two this year, since it is a question of the prestige and the perception of China as a great power and XI as a big leadership.
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