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- No ‘substantial change’ in US-China tensions after Trump-Xi call: Analyst
No ‘substantial change’ in US-China tensions after Trump-Xi call: Analyst
United States President Donald Trump said on Thursday (Jun 5) that the US and China have agreed to hold more trade talks. The promise of fresh discussions came after he and his Chinese counterpart Xi Jinping spoke for 90 minutes on the phone. Trump said the conversation focused almost entirely on trade and they reached a very positive conclusion, while Beijing issued a more muted readout, saying Xi spoke of the need to correct the course of ties. Stephen Nagy, professor of politics and international studies at the International Christian University, shares his insights with CNA’s Asia First on the significance of the call.
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Video Transcript
President Donald Trump says the US and China have agreed to hold more trade talks
The promise of fresh discussions came after leaders of the two superpowers spoke on the phone
Donald Trump said he had a very good 90-minute call with Xi Jinping
Mr. Trump said the conversation focused almost entirely on trade and they reached a very positive conclusion
He said a high-level US trade team will meet Chinese officials soon with the time and place to be announced later
Beijing issued a more muted readout saying Mr.
Xi spoke of the need to correct the course of ties.
Both leaders also agreed to visit each other.
For more insight on the significance of
of the call between the US and Chinese leaders.
Let's speak now with Stephen Nagy,
professor of politics and international relations
at the International Christian University.
Thank you so much for joining us, professor.
Firstly, let's start with that call itself.
Mr. Trump reportedly pushed hard for this call with Mr. Xi.
What do you think was driving that urgency
and did he get anything meaningful out of it?
Well, I think that looking at the readouts
from both the Chinese side and the American side. It looks like the Chinese side has a
much more subdued conclusion to the call where Mr. Trump in his typical salesman-like way
generally upsells the results of his call. So I think that that's the first message that
both sides are on a different page of the book in terms of where this call went. Second,
I think that President Trump is looking at the market, he's looking at the challenges
that are amounting to the American economy and the lack of, I think, real success of
Liberation Day and trying to find ways to walk back from this.
And you know, China is the biggest prize, I think, for Mr. Trump and touting a successful
call with Mr. Xi and having that call is a political win for him, although it may not
have any actual substance to date.
Professor Nagy, so that leads me actually to the question I was going to ask.
I mean do we have reason to be optimistic or is this agreement to talk some more. Because if you look at markets they don't seem
particularly convinced. Yeah I don't think any specialists that look at this most important bilateral relationships are convinced
that there's any substantial change in the tensions and the competition between the two. We look at the relationship through a
technological competition of who's going to win the technological competition and who's going to shape the rules of trade and
and technology over the 21st, 22nd and 23rd century.
And that the trade talks in themselves really I think are just the first round in a very,
very long battle that's going to make the thrill in Manila look quite short.
Again, they're both looking for a political win.
Perhaps Mr. Trump is looking for some kind of economic gain over the summer to get some
momentum behind him as he moves into some other initiatives in the summer.
And the reality is that the Chinese economy is still dependent on the export market of the United States.
Nothing's going to replace that $800 billion of trade that China has with the United States.
And this means millions and millions and millions of jobs in China.
So they both have incentive to come and talk and step back.
But over the long term I think this competition is going to deepen.
Professor Nagy I find it also interesting that President Trump said the call was all
about trade you know and not much else.
No Iran no Ukraine no South China Sea.
I'm wondering what that tells you at this point in time about you know his current global
outlook.
