BUSINESS MAVERICK : China and the US: Xi and Trump miss their chance for meaningful trade reforms

President Donald Trump has postponed until at least April the supposed deadline for concluding the United States’ current trade negotiations with China. A good outcome for both sides would be reached if China agreed to protect property rights better and reduce the state’s role in its economy; the US agreed to strengthen national saving and public investment, and both sides agreed to reverse their recent tariff increases. Unfortunately, this is not the deal that is likely to materialise.

For starters, Trump fixates on the bilateral US merchandise trade deficit. The Chinese could probably deliver on the verifiable — but worthless — step of committing to buy more US soybeans, natural gas, and other commodities. But this would have little or no effect on the overall US trade balance, because the US would export less soybeans and natural gas to other countries.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WATCH: Huawei shows us the Huawei Mate X device up close and personal | IOL Business ReportHuawei showed us a sample of the foldable Huawei Mate X device. See what it looks like.
Source: IOL - 🏆 46. / 51 Read more »

Social media sites discriminate against conservatives - TrumpUS President Donald Trump is directing his ire at the nation's major social media companies. They also protect racists and corrupt governments.
Source: News24 - 🏆 4. / 80 Read more »