China’s patience in #trade_war with America !!
Qiu Jin, professor of economics at the London School of Economics, believes. Contrary to what Donald Trump thinks, the Chinese are not so worried and under pressure that they will give in to his demands all at once.
Supporters of #Trump believe that China should take the American president really seriously; Of course, Chinese leaders have shrugged off the unreasonable demands of the Trump administration, but they have taken its goal seriously and have no doubt about it: “Knock China down.”
Beyond the latest truce between Trump and the Chinese president, China’s general approach to trade disputes is to not take it too hard. The Chinese have realized that their eagerness to reach an agreement in previous negotiations has served as a weakness for them. They now know that if they give Trump one thing, he will ask for a hundred things. The United States threatened to impose more tariffs on Chinese exports after China made key concessions at the May talks.
After these events, China has decided to adopt a policy of patience and see what the result will be without any rush. It seems that the Chinese have decided to pursue such a strategy under the influence of two beliefs. First, they believe that Trump’s policies will lead to the weakness of the #American economy and eventually he will have to back down in trade negotiations due to the 2020 presidential election. Second, the Chinese believe that Trump’s recent victory in trade negotiations with Mexico was just a show; Because there was no change compared to the previous negotiations. China believes that Trump made such a show about the agreement with Mexico due to market concerns. In this situation, the Chinese are not in a hurry to give America a point, especially since the market situation can change America’s position at any moment.
Besides this, the Chinese authorities doubt that the US is really looking to reach an agreement or that it is looking to destroy the country’s economy. In the current situation, the Chinese are preparing for another failure in the negotiations and are in no rush to reach an agreement.
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This post is written by Vahab1351