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re: EU concerns china may fulfill US trade obligations at their expense
Posted on 1/18/20 at 11:54 am to trinidadtiger
Posted on 1/18/20 at 11:54 am to trinidadtiger
Has anyone ever heard this line? “Accept lower wages, or we will move abroad!”
1
Posted on 1/18/20 at 12:35 pm to QboveTopSecret
EU mandarins are terrified of Trump. They thought the Phase 1 would never happen or the Chinese would wait to see if Trump loses in the election.
Instead, it is clear the Chinese think Trump will be re-elected and they wanted to get a partial deal out of fear Trump will be impossible to deal with otherwise.
The US deal plus the passing of the USMCA is going to have a huge impact on the UK-EU trade negotiations as well. The EU scoffed that Trump and Johnson could quickly cut a deal, but now they must deal with that very reality. Refusing to cut a deal is going to hurt the EU and the mandarins power.
Trump did not drop a pebble in the trade pond, but a huge boulder.
Instead, it is clear the Chinese think Trump will be re-elected and they wanted to get a partial deal out of fear Trump will be impossible to deal with otherwise.
The US deal plus the passing of the USMCA is going to have a huge impact on the UK-EU trade negotiations as well. The EU scoffed that Trump and Johnson could quickly cut a deal, but now they must deal with that very reality. Refusing to cut a deal is going to hurt the EU and the mandarins power.
Trump did not drop a pebble in the trade pond, but a huge boulder.
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