Experts Say, “China Is The Winner Of Trump-Xi Meeting”
After the G-20 summit, the two leaders Mr. Donald Trump and Mr. Xi Jinping settled onto carrying forward the Trade Deal. By then, they both pledged onto not increased tariffs on one another.
Although Mr. Trump quoted that the meeting went “far better than expected” it is said by the experts that China has gained an upper hand in the Trade deal.
In addition to that, Trump agreed the giant telecom company Huawei will be allowed to purchase US products, and China will purchase huge amounts of the US farm produces.
Washington earlier blacklisted the company Huawei suggesting that the company is a threat to the national security of the US. Trump’s concession to the company is seen as a major breakthrough for China.
On the 30th of June, Mr. Trump tweeted that the talks with China went well, and that “The quality of the transaction far more important to me than speed. I am in no hurry, but things look good!”
The Chief executive and Chief Investment Officer of an asset management firm Fasanara Capital, Francesco Filla said on CNBC’s “Squawk Box Europe”, “It is looking so far, China is coming out as a winner from this G-20.”
“It is not even clear what they (China) did in order to get it,” he added. He mentioned that there was a lack of details as to what is agreed between both the leaders at the meeting.
However, both the US and China seem to take Huawei’s statement by Mr. Donald Trump very cautiously. Since, the meeting with China at the G-20 summit Osaka, Japan, many analysts have presented their views on the negotiations that have been started off again.
There is no official statement as to when a Trade Deal between both the countries will be finalized, however, tariffs will continue to remain the same.