Trade

Report: Jinping is Bringing His Own Demands to Trump

JM Ashby
Written by JM Ashby

Trump's meeting with Chinese President Xi Jinping will take place on the sidelines of the G-20 summit tomorrow and Trump is not the only one bringing a list of demands to the meeting.

The Wall Street Journal reported that Jinping is bringing his own list of demands for Trump and, if this report is accurate, the two sides may be even further apart than we realized.

Citing people familiar with the discussions, the Journal reported early Thursday that Beijing is set to insist that Washington lift all $250 billion in tariffs levied on Chinese goods and halt pressure to ramp up imports from the US.

Officials also want the US to reverse a ban on the sale of US technology to the Chinese telecommunications firm Huawei Technologies, which was announced last month in an executive order. The move added another layer of conflict to the yearlong trade war between the largest economies, drawing backlash from Beijing and US allies.

Since nearly the beginning of this year, Trump regime officials have insisted that the scrutiny of Huawei and the sanctions they've placed on the company are not related to Trump's trade war with China but, if this is among President Jinping's demands, it's about to become a part of the trade war.

There was a great deal of distance between Chinese and American officials even before this monkey in the wrench was introduced and if this report is accurate I believe we can presume that Trump's trade war will not end anytime soon.

The Trump regime's campaign against Huawei is touching every corner of the globe including our closest allies in Europe who Trump has threatened for considering the use of Huawei components in emerging 5G mobile networks.

If China now views this as more of a battle over sovereignty than economics, it's possible the dispute over Huawei could amount to a much bigger deal than any of the Trump regime's demands for regulatory reform in China. The campaign against Huawei is as much or more of a blow to China's right to exist in the world than Trump's tariffs are.

I don't know how Trump will react to Jinping making his own demands, but I can't imagine him taking it well.

  • muselet

    Huawei Technologies is huge and it’s probably impossible to avoid doing business with them if a country wants to build out a 5G wireless network, despite some reasonably credible evidence—yes, I’m hedging more than a bit, since these allegations are controversial—that its telecoms equipment allows backdoor access for the Chinese government.

    Whether or not that’s true, the Chinese government and military both have championed Huawei for years. For the US to target the company with technology-transfer restrictions is seen as an insult, and threatening other countries if they use Huawei equipment in their 5G networks just makes that insult worse. Donald Trump’s trade war is a perfect excuse for China to make demands on Huawei’s behalf.

    Trump didn’t start the squabble over Huawei, but he has certainly exacerbated the problem.

    –alopecia

  • Username1016

    I could be wrong, but isn’t the Chinese president’s surname Xi? Jinping is his given name, so unless you want to call Trump “President Donald” to match, I think you’re inadvertently dissing him.

  • Draxiar

    Since trump’s definition of a deal is “I win and you must lose” I don’t imagine he’ll be 1) Happy with with Jinping and 2) know what to do except raise tariffs more and making the world suffer for it.

    Recession is Coming.