Global Trade

The Good News You Probably Won’t Hear About

With the global market reacting as though the US and China are throwing stones at each other, and mainstream media illustrating it as a battle between an arrogant Donald Trump and a naïve, but shifty Xi Jinping, it’s not hard to gain a grim perception of the ‘Chimerica’ relationship.

But here at The Australian Tribune, we take away all those fear-mongering headlines and give you the side of the news that no one likes to talk about.

Because it often paints a picture that is much too pleasant for an attention-grabbing tabloid scandal.

In what is probably the most progressive move within this 90-day tariff truce, US and Chinese negotiators have opened two days of high-level talks in order to end this six-month trade war, as AP reports.

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Lighthizer leads the talks

Robert Lighthizer, a US Trade Representative, will lead the American delegation in this round of talks. He was there to welcome the Chinese team, led by Vice Premier Liu He, on Wednesday.

Lighthizer greeted them with casual banter about the dinner meeting between President Trump and President Xi Jinping last year in Argentina at the G20 summit.

Completing the delegation are four other US officials. These are Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, National Economic Council Director Larry Kudlow and trade advisor Peter Navarro.

Positive things are set to come from these talks. The White House Press Secretary was quoted saying the negotiations are aimed at ‘achieving needed structural changes in China that affect trade between the United States and China.’

The two sides will also discuss China’s pledge to purchase a substantial amount of goods and services from the United States.’

The truce is nearing an end

As we’ve already mentioned, the global economy has reacted badly during the negotiating stages of this trade truce. Both of these leading economies have weakened in the past couple of months.

Things are growing even more volatile as the 2 March deadline gets closer and closer.

We are still optimistic about both nations reaching a mutual agreement, as the threat of increased tariffs on Chinese imports into the US is a scenario which both parties would do better avoiding.

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The Australian Tribune Editorial

The Australian Tribune Editorial

The Australian Tribune is an unorthodox news service. Your Australian Tribune editorial team deliver the unfiltered stories that could impact your daily life — political and economic stories you’re unlikely to get anywhere else. And we’re not afraid to step on some toes to do it. We are honest, conservative and never dull. We are an independent service, meaning we don’t answer to shareholders or outside advertisers. This helps avoid conflicts of interest that inhibit mainstream sources, which keeps our voice independent. The Australian Tribune is owned and operated by Port Phillip Publishing.
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