China Wants More Talks Before Signing Trump's 'Phase One' Deal

[demmiblue]

Source: Bloomberg

China wants further talks as soon as the end of October to hammer out the details of the “phase one” trade deal touted by Donald Trump before Xi Jinping agrees to sign it, according to people familiar with the matter.

Beijing may send a delegation led by Vice Premier Liu He, China’s top negotiator, to finalize a written deal that could be signed by the presidents at the Asia-Pacific Economic Cooperation summit next month in Chile, one of the people said. Another person said China wants Trump to also scrap a planned tariff hike in December in addition to the hike scheduled for this week, something the administration hasn’t yet endorsed. The people asked not to be named discussing the private negotiations.

The details of the verbal agreement reached in Washington last week between the two nations remain unclear. While Trump hailed an increase in agricultural purchases as “the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our Country,” China’s state-run media only said the two sides “agreed to make joint efforts toward eventually reaching an agreement.”

S&P 500 futures extended losses, the Stoxx 600 fell and the yen rose as investor pessimism on the deal grew.

Read more: https://www.bloomberg.com/news/articles/2019-10-14/china-wants-more-talks-before-signing-trump-s-phase-one-deal?srnd=premium

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[NCjack]

1. "... China's state-run media only said the two sides "agreed

to make joint efforts toward eventually reaching an agreement.”

Looks like the Chinese are playing our Great Negotiator (NOT) like a fiddle.

[Mike 03]

2. China's having fun at Trump's expense.

China has all the time in the world. Trump will settle for something that is worse than what we had two years ago and call it a triumph, but the markets are likely to disagree.

[lonely bird]

3. Hell, the Canadian deal wasn't any "win" either

Canada basically got exactly what they had before. Donnie is all about optics, spin and spewing BS. Anyone who does even a modest amount of research can see he is full of crap but then he is counting on the stupidity of the American Electorate.

[Maeve]

4. So the deal wasn't really a deal

Hope someone made money in the stock market....

[Maxheader]

5. If stumpy would just keep its mouth shut..

Maybe that's what china wants....to keep playing cheetox the fool...

Wait for it...excuses from the white house about killing the deal
because......

[fleur-de-lisa]

6. Dump got played again. What an idiot!

[TomCADem]

8. Not Really. It Is Just For the Fox News Crowd. Create a Crisis...

...then purport to solve it so Sean Hannity and company can sing the praises of their great leader. Perhaps he will threaten to bomb North Korea again, then announce that he has changed his mind and demand a Nobel Prize for avoiding a war that he threatened.

[jcgoldie]

9. arsonist fails to put out his own fire

wash rinse repeat

[Nitram]

10. Trump will emerge from those talks fleeced of everything, having given the Chinese

everything they want. Just like he has done with North Korea, Turkey, and Russia.

[myohmy2]

11. trump lied again...

...it's actually Phase Zero...

...