This is not good from a free market trade perspective.
China and the US have wrapped up their two-day presidential summit with an agreement to launch 100-days of negotiations to tackle their trade disputes.
“Normally, trade discussions, especially between China and ourselves, are denominated in multiple years,” US Commerce Secretary Wilbur Ross said after the talks on Friday. “This was denominated in the first instance in 100 days with, hopefully, way-stations of accomplishment along the way.”
Since you don't need "talks" to introduce free trade, this is certainly about crony China interests negotiating against American crony interests to divvy up the interventionist pie and, most important, keeping out business interests that aren't near the centers of power in China and the United States.
-RW
I'll take talks over tariffs. At least there's a chance that sanity could prevail.
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