Despite all the efforts of the President of the United States of Donald trump and Chinese leader XI Jinping’s so-called “trade war” between Washington and Beijing will continue in the new, 2019, year.
A personal opinion expressed by the European economic columnist Janis Papadakis in comments to the correspondent of ГолосUA.
According to the analyst, both leaders insist on their own right in a bilateral conflict, and therefore in the near future, America and China would “share” additional sanctions against each other. “It is foolish to think that the team, trump will disregard a billion-dollar losses sustained by the American economy due to the imposition of restrictions by Beijing – said in particular, he said. In turn, the Chinese leadership will not forgive the White House a ban on the importation into the United States products from China”. The question how to solve this problem, J. Papadakis said the following: “In this particular case, the parties need independent intermediaries”.
Recall the “trade war” between the U.S. and China ongoing since August of this year, when the administration of D. trump has imposed a ban on the importation into the United States Chinese steel. In response to the people’s Republic of China refused to buy American goods. According to independent experts, both countries suffered losses totaling $ 500 billion.
Earlier in the meeting, the two leaders on the sidelines of the G-20 summit in Argentina D. trump and XI Jinping agreed to a temporary freezing of economic conflict, but already on 8 December the us President acknowledged that the agreement was invalid. It is anticipated that the next meeting of the President of China and the President of America will be held in late January next year.