THE NEUTRAL ZONE
The United States and China have reportedly held constructive trade talks after previous discussions slated for early August were postponed. The original trade deal meetings were postponed at the behest of President Trump, stating that he “didn’t want to talk to China right now.” Both nations have renewed their commitments to phase one of the trade deal, which calls for China to buy more American-made goods.
China seems willing to change its policy on intellectual property rights, as well as remove polices and regulations that affect U.S.-based financial and agricultural firms. This move has lifted stocks worldwide and is projected to lead to an increased demand for U.S.-based products.
This trade announcement comes amid rising geopolitical tensions between the U.S. and China. In recent days, the U.S. joined China-controlled Taiwan in commemorating a clash between Chinese and Taiwanese forces. On Tuesday, Chinese officials decried the U.S. for an alleged breach of a Chinese “no-fly zone” by a U.S. military aircraft during a U.S. live-fire exercise.
The US and China say they’re making progress on trade, even as other tensions worsen – CNN – 8/25/2020
Tensions between the United States and China have escalated on several fonts. The countries have blamed each other over the spread of Covid-19 and closed a pair of consulates over a worsening national security spat. US authorities have also taken aim at several Chinese tech firms and threatened to ban the popular apps TikTok and WeChat.
‘Cooperate with us’: China’s Xi bypasses Trump in appeal to US state and local officials – Washington Examiner – 8/25/2020
“Some American politicians claim falsely that the U.S. has been ripped off by China, and that China’s development is a gift from the U.S.,” Chinese Foreign Ministry spokesman Zhao Lijian said in response to Trump’s remarks. “Trying to solve domestic problems through decoupling is like looking for fish in trees or drinking poison to quench thirst. The country doing so will eventually harm the interests of its own businesses and people.”
China Says U.S. Spy Plane Entered a No-Fly Zone – Wall Street Journal – 8/25/2020
The overflight was a blatant act of provocation that could have easily caused misunderstandings, misjudgments or even an accident, the spokesman, Senior Col. Wu Qian, said in the statement. He accused the U.S. of contravening bilateral guidelines on aerial and maritime safety, as well as relevant international norms.
The U.S.-China trade deal is moving ahead—in spite of everything – Fortune – 8/25/2020
On Tuesday, trade negotiators from the U.S. and China spoke over the phone to review progress on phase I of the trade deal, according to government officials in both countries. The disclosures eased concerns that the worsening state of U.S.-China relations would interfere with the agreed-upon truce.