February 19, 2025 16:14 GMT
US-CHINA: NYT-'Trump Eyes Bigger, Better Trade Deal With China'
US-CHINA
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(MNI) London - As noted earlier (see 'CHINA: Trump China Trade Deal Headlines Gelping Pressure USD, Boost Equities', 1546GMT) NYT reports that according to current and former White House officials US President Donald Trump is looking at the potential for a new trade agreement with China. NYT: "Mr. Trump has expressed interest in a deal that would include substantial investments and commitments from the Chinese to buy more American products".
- The article claims that alongside trade talks, Trump would also look to discuss major geopolitical and security subjects such as nuclear weapons in face-to-face meetings with Chinese President Xi Jinping.
- NYT: "Advisers and analysts say the governments would have to overcome many obstacles to reach a deal, and that the Trump administration has not yet settled on what it wants from China. "
- The stance of China on any such overtures will be in question. There is likely to be notable wariness from Beijing given the Trump administration's inclination to shift its stance at short notice. NYT: "It’s not clear what the Chinese would ask for in return, though many analysts believe Mr. Xi would try to get relief from some of the tariffs Mr. Trump has imposed on the country, as well as export controls that have limited China’s access to advanced technology."
- Taking a more cooperative stance on China, while assailing the US' erstwhile allies in Europe with threats of tariffs and drawing down defence commitments, comes in line with the more 'transactional' policy expected under the Trump administration.
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