Trump and team has publicly stated that there will BE NO DEAL WITH THE CHINESE WHERE CHINA BENEFITS MORE.
Trump will only agree to deals where America wins.
News on China's scientific and technological development.
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Trump will only agree to deals where America wins.
manqiangrexue
Brigadier
Right, but there is no definition on what benefits China more or how America wins. He just needs to bellow out that USA won and his legions of rednecks will cheer without even looking at details (literacy being a limiting factor on their end). Any deal can be painted any way, especially by a guy who says he's done a fantastically wonderful bigly job keeping COVID deaths in the US so so low LOL. Fortunately for him, they're not splitting $100 where the guy who gets $50.01 wins.
China will accelerate the development of EUV Lithography Machines.
President of the Chinese Academy of Sciences Bao Chunli said that the CAS will focus its resources on the development of Photolithography Machines.
President of the Chinese Academy of Sciences Bao Chunli said that the CAS will focus its resources on the development of Photolithography Machines.
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No there are tangible ways to determine who benefits more. Trump may be dumb, but policy experts in the state department, pentagon are not.
The phase I deal for example was an unfair deal forced upon China.
manqiangrexue
Brigadier
Tangible ways show that America's trade deficit still grew, Chinese trade surplus grew and trade with the world grew. China's MIC2025 effort is accelerated instead of stopped. China today is in a stronger position than it was at the start of the trade war in relation to the US, which is what the deal was meant to prevent (although with no small credit going to borderline unthinkable mismanagement of COVID in the US). This is exactly what I mean; the deal can be made to look one way but actually work out a far different way.
Up to 30% of US firms are moving out of China based on data from US chamber of commerce.
Most are sticking with China of course, but 30% is not insignificant.
With trump, we can guarantee that WeChat, Tencent, DJI, Alibaba, and pretty much all chinese tech companies will be banned.
Tariffs will likely increase as soon as the Us gets covid under control. All of these are tangible losses for China.
manqiangrexue
Brigadier
Different sources have different figures (I remember seeing another say some 90% are sticking with China and the total is not in decline due to new investments) but we're talking about zero sum game. If it results in American companies losing competitiveness globally more than China misses the manufacturing, then it's a good deal for China. What about the vacuum it opens up for other countries in Europe to open shop in China and all the freed labor available to Chinese domestic companies that need manufacturing?
Guarantee is a big word, but everything comes at cost. Americans and American companies were using these for taping the Chinese market. This does damage to them and also to America's global reputation, which has very quickly descended from Captain Free Market into one-eyed hateful villain.
Can the US economy handle the tariffs? What will be the downward effect on Americans? Studies from the first round showed that for a mild decrease in trade deficit with China initially obtained from the trade war, America ran up its debt by multiple fold (like 10 fold the value I think) as American businesses and consumers suffered. Zero sum game.
Let's keep it short and sweet my dear. How is Foxconn doing in Wisconsin?
Skywatcher
Captain
Accelerate to finish the SMEE/CIOMP EUVL prototype in 2021?
In the long-term, South Korea's economic and military security will be dependent on China, not the USA.
And South Korea knows this.