CHINA (VOP TODAY NEWS) — After the meeting between Donald Trump and Xi Jinping in Argentina, the US President agreed not to impose new tariffs on China. But the community of Chinese experts calls not to be optimistic about these promises because, according to them, it could violate them at any time.
The non-respect of commitments is already a distinctive feature of Donald Trump, so do not look with great optimism agreements reached in Argentina on the trade confrontation between China and the United States, Donald Trump can violate any moment, Spannik told Chinese political scientist Si Manan.
“The agreements concluded this time could be terminated tomorrow, China is currently facing a speculator who can not be trusted. Yes, before he was a businessman and he seemed to have succeeded, but in reality he is a speculator. When he became President, he applied his speculator skills to the political and commercial arena of the great powers,” Si Manan said.
When asked whether the parties can reach agreements within 90 days, the specialist assured that “in three months, China and the United States will not be able to end the trade war”. He also added that the 90-day deadline for reaching an agreement – if not there would be a 25 per cent tariff increase on the US side – is only blackmail and coercion.
Donald Trump and Xi Jinping reached out on December 1 on the sidelines of the G20 in Buenos Aires. China has agreed to buy “a very large number” of agricultural, energy, industrial and other US products to reduce the trade deficit between the two countries.
For his part, Donald Trump has agreed to maintain 10% tariff on some $ 200 billion of imported Chinese products and not to increase to 25% on January 1, said the statement from the White House.
Previously, Donald Trump planned to increase from January 1 to 25% tariff on some 200 billion dollars (176 billion euros) of Chinese products imported to the United States and threatened to tax 267 billion dollars (236 billion dollars). billion) of additional imported products.
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