Sunday , July 3 2022

Trump is likely to trade with China by the end of November


WashingtonUS President Donald Trump wants to end the trade dispute with China after media coverage this month. The G20 meeting at the end of November will mark the signing of a trade agreement between President Xi Jinping, the world's second largest economy, on Friday announcing Bloomberg news agency. Trump has already mandated government officials and experts from staff to work out details.

The trigger for this move was by telephone with Xi. Trump himself described the conversation as "long and very good" and yourself Through Twitter, positive in the negotiations a trade agreement. "We talked about many issues, especially trade."

Xi expressed the Chinese state media in the hope that both countries will be able to build a stable and healthy relationship. He and Trump hoped to extend bilateral trade cooperation, said Xi at Chttps. He was also prepared to meet with Trump on the sidelines of the G20 summit in Buenos Aires.

The information was received positively on the stock exchange. Heads of State and Government of the G20 leaders of industrialized and emerging economies meet on November 30 and December 1 in the Argentine capital in Buenos Aires at the annual summit.

Trump is disturbed by the lack of wholesale trade deficit in trade with China. He accuses the People's Republic of dumping, technological theft and other unfair trading practices. China denies the allegations.

The US has already made $ 250 billion to China. The People's Republic has adopted criminal penalties for US $ 110 billion worth of goods, especially in the agricultural sector. Trump has repeatedly threatened to impose tariffs on all Chinese imports.

Because of the commercial conflict with China, the US economy has been severely affected during the summer. Between July and September, the annual growth rate of gross domestic product (GDP) rose by 3.5 percent, and the Ministry of Commerce announced on Friday the preliminary data. In the spring, a 4.2 percent plus jumped out.

Overall, the US trade deficit has increased by 1.8 percentage points in the United States: since 1985 such negative impact has not occurred. "The government's trade policy has shrunk," so the economist Christiane von Berg of BayernLB.

Approach to the final part of the campaign

The current rapprochement with China is at the center of the final election campaign of the US Congressional Congress on 6 November. The President of the United States has many bets since the elections are the first US President's votes in the White House after two years. Trump must fear that Republicans will lose the House of Representatives on the Democrats of the Democrats.

The closer the congressional elections to the United States, the bigger the unleashed Donald Trump. This is also demonstrated by the actions of the Central American immigrant groups who are currently moving to Mexico.

Trump speaks of an "invasion", "uncontrolled crowd". He uses combat gestures, sending thousands of soldiers to the border. The president of the United States relies on fear – and all because he apparently believes that the question mobilizes his supporters in the right camp.

Therefore, the current trade agreement's announcement may indeed be a turning point in US-China relations – or simply the rhetoric of the US president's election campaign.

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