US-China talks risk spiral into conflict
US-China talks risk spiral into conflict
The Duran: Episode 2247
0:00 - Overview of US-China trade negotiations and tariffs
0:54 - Trump's dissatisfaction with Chinese negotiation tactics
2:27 - Discussion on Trump's economic policy and tariffs
4:03 - Internal division within the Trump administration on China strategy
7:03 - US sentiment towards China and potential risks of escalation
10:41 - Historical context of China's perspective on foreign relations
12:00 - China's pragmatic approach to economic relations with the US
15:01 - China's preparedness for an economic divorce from the US
16:56 - Potential consequences of a confrontational approach between the US and China
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Video Transcript
All right, Alexander, let's talk about what is happening between the United States and China with the tariff and trade negotiations,
the deals, the talks that allegedly they're having.
Things appear to have calmed down from where they were, say, three, four weeks ago.
But now it looks like things are, and it appeared that there was some sort of an understanding
between China and the United States with the tariffs.
We went from 145% to 50% or 40%.
I forgot the...
the numbers that both sides agreed to.
And now it seems as if things are deteriorating again between both sides.
What's going on?
Well, this is a very strange business because we're told that there's been negotiations
between China and the United States.
Trump is unhappy about the way in which the Chinese are digging in over the course of these negotiations.
And we're also told that the Chinese have, in some way, which is not clear to me,
violated some of the understandings that Scott Besant reached with the Chinese in Switzerland, in Geneva.
The trouble is, I don't know where these negotiations are supposed to be happening.
I mean, I've not seen big negotiating teams meeting in public, talking about these things.
I have no doubt there are contacts,
But it doesn't seem to me as if there's any real push to try and negotiate anything at all.
And I think again that some of the people who were advising Trump
perhaps led him to think that the Chinese were interested in negotiations
and that they would come round and would start negotiations
for the kind of economic divorce that he clearly hankers for.
And I think again, he's probably surprised and disappointed that the Chinese are not coming forward and making proposals of their own.
And this is boiled over.
And that's why we've now had these threats, basically to go back to the tariff war that we had between China and the United States a few weeks ago.
So I think again that somebody perhaps should speak to Trump and tell him,
look, if you want to pursue a protectionist economic policy,
if you want to impose tariffs on China, that is your choice.
You don't have to negotiate your economic policies with the Chinese.
That is illogical.
Just impose the tariffs that you think.
Currently, as I understand it, they're at 30%.
If you want to keep them there, keep them there.
The Chinese want to put their own tariffs at 10%
against your products.
Well, that's their sovereign prerogative as well.
I don't think you should get obsessed with this or try to work out all the time,
it's a great deal with China.
Perhaps they're not interested in a deal.
Just let the tariffs that you already have do their work.
That economic divorce that you're talking about is going to happen anyway.
And concentrate instead on developing an economic policy
within the United States aimed at its reindustrialization.
That's probably what I would say to him.
Is that what he's trying to do?
Yeah, I think it is.
By his administration?
Because it doesn't seem like that's...
It seems like they're split on what they actually want to accomplish with all of this.
