Beijing considers Trump no longer credible in negotiations By Investing.com

© Reuters.

Investing.com – According to information obtained by Bloomberg, Trump's credibility has become a major hurdle for China to achieve a sustainable trade deal

Only a few negotiators in Beijing would consider that an agreement is actually possible before the US elections of 2020, in part because it is dangerous for any Chinese official to advise President Xi Jinping to sign an agreement that Trump could possibly break, according to the sources quoted by the news agency.

Note that these statements come after China once again insisted yesterday that, contrary to Trump's assertion, no phone call took place last weekend.

Recall that on the occasion of the G7 summit in France on Monday, US President Trump said that China, in recent telephone conversations, had expressed its desire to reach an agreement.

These comments had supported the world stock markets, and pushed up the Dollar.

"I have not heard of this situation regarding the two calls that the US has mentioned this weekend," Chinese Foreign Ministry spokesman Geng Shuang told a news conference on Tuesday. He had already denied Monday that the calls had taken place.

"Unfortunately, the US has further increased tariffs on Chinese exports to the US This extreme pressure is purely harmful to both parties and is not constructive at all," Geng Shuang said.

"We hope that the United States will be able to maintain calm, return to rationality, put an end to bad practices and create the conditions for both sides to consult on the basis of mutual respect, equality and mutual respect. mutual interest, "he said.

For its part, China's state-owned Xinhua media also confirmed a firm stance on Beijing's trade war.

"China has not surrendered and will not surrender," the news agency said in a comment on Tuesday.

"Using intimidation and maximum pressure, the US administration has repeatedly escalated trade tensions and tried to force China to accept its irrational demands," the article said.

In the end, Trump's efforts to portray China as yielding in the negotiations have mostly confirmed some of Beijing's worst fears about Trump: that he can not be trusted to reach an agreement.

"Trump's flip-flop has further heightened mistrust," said Tao Dong, vice president of economic research for China at Credit Suisse in Hong Kong. "It makes a quick resolution almost impossible."

Finally, as a sign of the ambient tension, we note that two Chinese officials compared the current behavior of the United States to what was observed during the Korean War, which consisted in fighting while negotiating and using the fighting to accelerate the discussions.

Fusion Media or, with the help of the information provided by the Company, the information will be releasable, the quotes, the charts and the buy / sell reports contained within this website. It should be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.