Everyone in the media knows that.
Perhaps that’s why the mainstream media is sounding alarm bells that you shouldn’t believe in the agreements reached between US President Donald Trump and Chinese leader Xi Jinping at the G20 Summit in Argentina. Over a two hour dinner, the leaders agreed to work rapidly to end their trade conflicts.
Shortly thereafter, mainstream media started driving fears that Trump was all bluster and that nothing real had been accomplished, which sent global stock markets into a tailspin yesterday. Yet The Australian Tribune believes those fears are unfounded.
Both nations have a massive interest in seeing the current trade disputes settled. And we believe both leaders will move to do so early in 2019.
US-China trade truce still in tact
Now, after a day of silence that had most political analysts believing the worst, China has expressed confidence it can reach a trade deal with the US. That sentiment was shared by Trump after announcing the increased-tariff threat would be played out if the dust of the trade war wasn’t settled within 90 days.
The Chinese Commerce Ministry released a brief statement acknowledging this deadline, saying it provides ‘a clear timetable and road map’ for negotiations between the two nations. According to RAW, the statement also insisted upon efficiency from China to address items already agreed upon with the US, and that they ‘are confident in implementation’.
Trump attributed the brief period of silence to Bejing official’s travels, not once questioning President Xi’s commitment to the truce.
He said in a tweet on Wednesday:
‘Very strong signals being sent by China once they returned home from their long trip, including stops, from Argentina.
‘Not to sound naive or anything, but I believe President Xi meant every word of what he said at our long and hopefully historic meeting. ALL subjects discussed!’
As RAW also reports, Chinese Foreign Ministry spokesman Geng Shuang expressed to reporters his optimism for the truce:
‘We hope the two working teams from both sides can, based on the consensus reached between the two countries’ leaders, strengthen consultations, and reach a mutually beneficial agreement soon.’
All signs are pointing to an official retracement from the trade war trenches in the coming months.
Of course, this by no means gives reason for the leader of the free world to let his guard down. Indeed, Trump has said he would only accept a ‘real deal’ with China, and will follow through with the tariff threats if this doesn’t come into fruition.
But of course, the mainstream media takes Trump’s over-precaution as a failure to properly negotiate. As such, the global economy has reacted as though Trump walked into that G20 dinner screaming ‘traitor!’
Scepticism over the trade truce
Markets have continued to fall under the misconstrued belief that no such trade deal is in the works. Warnings are popping up left, right and centre, outlining what a failure this trade deal means for the future of the global economy. They’ve predicted Chinese retaliation from Trump’s inevitable tariff raise for March 2019.
And we’re only five or so days into the 90-day deadline!
On top of that, our confidence in this truce goes far beyond a handshake. According to RAW, the White House has said China is willing to buy more American products, as well as lifting trading barriers immediately. They’ve also agreed to begin talks on changes regarding forced technology transfers and intellectual property protection.
And sources have revealed that Unipec — a Chinese oil trader — will remove the halt on buying US crude oil by March, thanks to this deal reducing the risk of tariffs.
Why would such a perfect scenario not be followed through?
I’m sure the mainstream media will think of something.
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