China scrapped 30% of draft trade deal, sources say
Pages went from 150 to 105 after Chinese leadership objected to 'unequal treaty'
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TOKYO -- The U.S.-China trade talks broke down after the Chinese government returned to Washington a significantly reduced version of the U.S. draft, angering President Donald Trump, Nikkei has learned. Sources say the original 150-page document, compiled through five months of painstaking negotiations, was cut up and reduced to 105 pages.
The editing was revealed in early May and led the U.S. to raise import tariffs on $200 billion of Chinese goods. China has retaliated with tariff hikes on $60 billion of American products.
According to sources familiar with U.S.-China relations, Chinese leadership deemed legally binding parts of the draft text to be tantamount to "an unequal treaty." All of the sections judged "unequal" were deleted or revised.
(please see full article, at the link)
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There you have it.
(Excerpt) Read more at asia.nikkei.com ...
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Just found this article, it seems a pretty good reference as to why the trade agreement blew up.
China (heavily) redacted from it, deleting almost a third of the agreement. An entire third.
Now I think I understand why Trump was originally positive. He had a good agreement.
China agreed to it, but then reneged.
Time to stand up for America, Mr. Trump. Don't leave the current trade mess in place. And don't worry about the Asshole that say it is hurting Americans...A win here will make the future much better.
It is currently a DISASTER.
Time for action, Mr. President. Enough monkeying around.
Raise tariffs, for real. 100% where they are now.
Act. The Chinese can NOT ECONOMICALLY take much more pressure.
Pages went from 150 to 105 after Chinese leadership objected to 'unequal treaty'
--
TOKYO -- The U.S.-China trade talks broke down after the Chinese government returned to Washington a significantly reduced version of the U.S. draft, angering President Donald Trump, Nikkei has learned. Sources say the original 150-page document, compiled through five months of painstaking negotiations, was cut up and reduced to 105 pages.
The editing was revealed in early May and led the U.S. to raise import tariffs on $200 billion of Chinese goods. China has retaliated with tariff hikes on $60 billion of American products.
According to sources familiar with U.S.-China relations, Chinese leadership deemed legally binding parts of the draft text to be tantamount to "an unequal treaty." All of the sections judged "unequal" were deleted or revised.
(please see full article, at the link)
--
There you have it.
(Excerpt) Read more at asia.nikkei.com ...
------------
Just found this article, it seems a pretty good reference as to why the trade agreement blew up.
China (heavily) redacted from it, deleting almost a third of the agreement. An entire third.
Now I think I understand why Trump was originally positive. He had a good agreement.
China agreed to it, but then reneged.
Time to stand up for America, Mr. Trump. Don't leave the current trade mess in place. And don't worry about the Asshole that say it is hurting Americans...A win here will make the future much better.
It is currently a DISASTER.
Time for action, Mr. President. Enough monkeying around.
Raise tariffs, for real. 100% where they are now.
Act. The Chinese can NOT ECONOMICALLY take much more pressure.
