QUOTE(howszat @ Jan 27 2019, 06:44 PM)
No, they haven't backed down. They are still negotiating. Otherwise, they would just announce the "back down" agreement now and that's the end of that. You don't lower trade deficit to zero anyway, that's meaningless.
What do you mean by "US tax"? You mean tariffs?
The issue is not just about tariffs and trade imbalance. Otherwise, that's easily solved, as all China has to do is to agree to buy more goods from the US. Which they already did.
The sticking points are about technological "transfers" and "piracy" and these things are not that quickly solved.
I don't think Trump cares about technological "transfers" and "piracy". All he cares is how much money he can makes from a deal and how good is he a business man to the American public.
QUOTE(xcxa23 @ Jan 27 2019, 08:21 PM)
seriously i have no idea, and wars regardless trade or real combat wars hurts participating parties so it will be wise to stop ASAP. and
you mentioned
hurting them more than it's hurting US.so im curious in what sense/section/department/industry did china suffers (other than just reported china gdp slowest growth in 20+years)
i would appreciate if you willing to share it.
having much knowledge helps ALOT in making logical decision..
thanks!
China export majority of their stuff to US. By taxing China items, it's making China products more expensive. Hence US companies will look elsewhere. When they do it, factory output decreases. When factory output decreases, business drops. Business drops, people start losing jobs. When people start losing job, they cannot pay back loans.
China govt is cutting taxes for local companies in order try to make their people spend. If economy is good, you don't need to that.
If is not affecting China, they won't bother offering to make trade deficit zero. They will just ignore US.
This post has been edited by Ramjade: Jan 27 2019, 09:12 PM