Trade deal no panacea for rocky U.S. relations with China

WASHINGTON/BEIJING (Reuters) – From Huawei to the South China Sea, deep political rifts between Beijing and Washington are set to persist, despite a trade relations breakthrough, as the United States pushes back against an increasingly powerful and assertive China. Relations between the world’s two largest economies have deteriorated sharply since U.S. President Donald Trump imposed punitive trade tariffs in 2018, igniting a trade war. “The broader, darkening picture is not going to be brightened much by this deal,” Bates Gill, an expert on Chinese security policy at Macquarie University in…

China bank case heightens doubts about Beijing as trade deal looms

A federal court case involving three Chinese banks is raising questions about Beijing’s commitment to abide by agreements with the United States — a day before President Trump is scheduled to sign the first major trade deal of his administration with China. A senior Justice Department official said China has failed to observe terms of the 2001 Mutual Legal Assistance Agreement, and a federal judge ruled recently that seeking legal help from China under the accord has proved fruitless. “It’s still on paper, but they don’t fulfill their obligations under…

Don’t be fooled by the trade deal between America and China

ON JANUARY 15TH, after three years of a bitter trade war, America and China are due to sign a “phase one” deal that trims tariffs and obliges China to buy more from American farmers. Don’t be fooled. This modest accord cannot disguise how the world’s most important relationship is at its most perilous juncture since before Richard Nixon and Mao Zedong re-established links five decades ago. The threat to the West from China’s high-tech authoritarianism has become all too clear. Everything from its pioneering artificial-intelligence firms to its gulags in…

What’s in the current trade deal with China?

President Trump shakes hands with China’s President Xi Jinping during a news conference at the Great Hall of the People in Beijing in 2017. (Nicolas Asfouri/Afp Via Getty Images) President Trump said he and Chinese President Xi Jinping will sign a U.S.-China trade deal on Jan. 15. Since October, negotiators from both countries have revealed details of a bilateral trade agreement that reportedly includes Chinese purchases of U.S. agricultural products and U.S. services, plus China’s pledge to protect intellectual property and refrain from currency manipulation. In addition, China agreed to…

Donald Trump’s real test will be at the polls after a year of infighting, trade rows with China and international security threats

NewsWorld The US President’s accomplishments were modest in 2019 but they might be just be enough to help him win a second term, writes Leo Cendrowicz Monday, 30th December 2019, 4:51 pm The economic tailwinds may prove more decisive for Mr Trump in 2020 than his political travails (Photo: REUTERS/Kevin Lamarque) Sign up to our daily newsletter The i newsletter cut through the noise But it wasn’t the Mueller report that prompted the impeachment. Rather, it was an attempt by Mr Trump to invite a foreign government to influence the…