- China, US not yet in talks on tariffs.
- Respect is condition for any talks to happen.
- US needs to stop threats if it wants talks.
- US ‘tariff tsunami’ breaks WTO rules.
There’s nothing new here as Trump continues to show willingness to ease the trade war and make a deal but doesn’t want to call Xi first. The Chinese, on the other hand, are waiting for the US to make the first step and won’t budge on this.
Adam wrote about an important detail on Chinese Presidents here. In summary, Chinese Presidents nearly never pick up the phone. Therefore, Trump will have to be the first to pick up the phone.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
