Quotes
There're many different scenarios: delays while talks continue, potential reductions or tariffs being put in place immediately,
said Peisch, a former official at the US Trade Representative's office China knows the way it handled the US for Trump’s first term might not work. Beijing underestimated the US determination to wage a war, it did not have enough bullets to have a tit-for-tat war,
said Shanghai-based foreign affairs analyst Shen Dingli It feels like it’s gravitating towards a situation where the overall tariff rate on Chinese goods shipped the United States by summertime could actually reach the President’s proposed 60%,
said Kurt Tong, managing partner at Washington DC-based advisory firm Asia Group, a former ambassador who served as consul general in Hong Kong We’re at a real fork in the road,
Scott Kennedy, a senior adviser at the Center for Strategic and International Studies think tank in Washington, told reporters on the sidelines of a global business forum in Beijing last week Donald Trump, theoretically, can consider the entire exercise successful if he puts on high tariffs and there’s no deal,
said Tong, pointing to how in that case, the president could take credit for restructuring the US-China economic relationship Decoupling and breaking supply chains harm everyone and lead nowhere,
Xi told an audience of global executives in Beijing last week, which included CEOs of US firms FedEx and Qualcomm If the US insists on damaging China’s interests, China will resolutely counterattack.” ... Any US changes to China’s trading status “will not affect China’s win-win cooperation with the world,
A separate summary of the call from a social media account linked to China’s state broadcaster was more explicit on what He said ... He also said Blocking others’ paths will ultimately only obstruct your own,
But it has to be a two-sided deal. It cannot be a unilateral concession, ... China is not going to roll over,
That, ... is the thing that both US analysts and the White House, don’t fully grasp.”
We might see these negotiations and pressure result in a pulling back of these threats and a resumption of a more stable relationship, but things could get a lot worse. We could see tariffs go sky high and investment fall. That would lead to some sort of at least incremental decoupling between the two economies, and there’d be a lot of suffering,
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