3 ms·
Europe already benefits from lowered tariff and relaxed ownership rules that China made so far. The only thing that China seemed to be willing to entertain furt
by fspeech 7y ago
Europe already benefits from lowered tariff and relaxed ownership rules that China made so far. The only thing that China seemed to be willing to entertain further is large purchase of US products, which means less purchase from everyone else. So Europe and other US allies like Canada and Australia should actually fear a US/China deal. There is a reason why this negotiation is bilateral -- in a multilateral setting you can not demand China to just buy US.
- thefounder 7y agoI really doubt that the US can say it got the deal of the century if China buys large quantities american beef or soybean. What everyone wants is open markets. No dumping sponsored by chinese government, enforcement of IP protection laws and many other things would ideally be part of the deal but I believe the market access is the primary issue and a deal could be stroke with that alone. The demand to make large purchase was to stop further tariffs and I'm not surprised China didn't fell for it.