Chinese officials, influencers and state media on Monday issued the initial trade agreement and the 90 -day rate pause with the US. A victory and a claim of Beijing’s negotiation strategy.
They are arguing that their challenging public position worked and it was a great resumption, they could reach an agreement with US officials in Switzerland with relatively few concessions.
“China’s countermeasted firms and the resolved position have been highly effective,” said a social media account linked to the CCTV of the China National Issuer.
In the eyes of Chinese public, Beijing negotiators seem to have convinced the administration of President Donald Trump to reverse most of the 145% rate rate imposed, and cut them to 30%.
In return, China promised to delay the majority of the partners who announced against the United States
In social networks, Chinese users are promoting treatment. A hashtag, #uschinasuspende24%90 -day rates, already has 420 million visits on Weibo.
The line refers to a 24% figure cited near the top of the joint statement that Washington and Beijing published.
In total, the 90 -day pause reduces import tariffs from the USA.
A user of Chinese social networks, Chun Feng Yi, published: “Our ancestors did not dig, why should we give up what we have?” The comment now has thousands of I like it.
Beijing is also using the commercial agreement to try to argue to the world that it is a responsible commercial partner, as well as the Chinese negotiation plays book has been frustrated for the international business community and commercial partners.
Foreign executives and officials complain about “promising fatigue” with Beijing, whose officials seem happy to talk about cooperation, while taking relatively little action.
According to this negotiation play book, Beijing has said that it will work with the Trump administration in a new “consultation mechanism” to maintain dialogue on trade and other economic problems.
The measures agreed in Geneva, Switzerland, formally enter into effect on Wednesday, but Beijing has been giving silent exemptions before the conversations for some colleagues operating locally.
China also agreed to “adopt all administrative measures necessary to suspend or eliminate non -tariff countermeasures.” This includes the latest strict export curbs in strange terrain that Beijing imposed. Minerals are crucial for the United States industry.
However, China sent some mixed signals on Monday about metal cooperation. The Ministry of Commerce reaffirmed its repression in the smuggling of rare earth for reasons of national security, and said that the “foreign entities” were partially guilty.
The commercial agreement between the United States and China has brought temporary relief of the increase in trade that warns the global economy.
Securities markets worldwide increased on Monday after Beijing and Washington announced the agreement.
In the period prior to negotiations in Switzerland on the weekend, Beijing remained firm that he would not give in with his own priorities to reach an agreement with US officials.
“We will deciduously safeguard our legitimate interests and defend international justice and justice,” said the spokesman of the Ministry of Foreign Affairs, Lin Jian, before commercial conversations.
The Ministry of Commerce on Monday described on Monday the commercial agreement as an “important step”, but to blow the Trump administration, saying that the United States should “completely correct its unilateral tariff practices.”
Trump administration officials, meanwhile, are also characterizing the agreement as a “historical trade victory” for the United States.
The two parties are expected to meet again at some point during the next “week” to negotiate a “more flat agreement,” Treasure Secretary, Scott Besent, on the “Squawk box” of CNBC said on Monday.
– Eunice Yoon of CNBC reported Beijing and Erin Dooerty informed from Washington, DC
