The idle Process

US President Donald Trump met with Chinese Vice Premier Liu He at the White House on October 11 and announced that China and the United States reached a first-phase agreement. Trump also said that he will also meet with China at the APEC summit in Chile in November and sign an agreement. The New York Times reported that just a few weeks ago, Trump was still seeking a comprehensive agreement. But today's agreement is far from a comprehensive agreement that Trump has been pushing. Many of the issues that the current government is most concerned about about China's economic behavior are still pending. Although the exact terms of the agreement are still being negotiated, the details announced by Trump include many concessions previously proposed by China, including the purchase of US agricultural products. It does not seem to solve some of the most difficult problems that the two countries have been trying to solve. The report said that if the two sides can not make progr

US President Trump’s tariff on China’s 200 billion US dollars has risen to 25%, which has caused the US-China trade war to heat up again. Although China has not yet resorted to counter-measures, experts believe that Beijing still holds three major counter-attack weapons, including The depreciation of the renminbi, the sale of US Treasury bonds, and the refusal to purchase US soybeans, etc. But the measures have to be taken carefully, otherwise they may hurt China itself. Weapon 1: RMB depreciation China can offset the impact of US tariffs on the Chinese economy through the depreciation of the renminbi. However, Wang Tao, the chief Chinese economist at UBS, pointed out that the depreciation of the RMB in 2015 caused capital outflows and also weakened domestic confidence. So China may have  concerns to use this weapon. Weapon 2: Selling US Treasury bonds China currently holds US$1.1 trillion in US Treasury bonds. As the biggest amount holder of most US debts, the reduction of US

1. The Trump administration plans to raise the tariff of goods worth $20 billion to the United States to 25% from January 1. After the meeting with the Chinese side on December 1, the negotiation process was started and the time was extended to March 1st; later at the end of February, the time was delayed again. The negotiations did not have any results at the end, but the time was greatly extended. From this point of view, the Chinese side is a winner. 2. Judge from Trump's Twitter, it was because the Chinese attempted to withdraw some of the promises, which led to the breakdown of the negotiations, thus the process of raising tariffs is opening up . However, the punishment is not enough. The time for these tariff increases is pushed back. Now there are some deceptive factors superimposed and more punishments should be imposed. 3. The United States has obtained tariffs on the Chinese side and the taxation procedures for the remaining products imported from China is started. Ther