(Shawn Donnan & Jenny Leonard – Bloomberg)
One of Donald Trump’s most persistent economic promises has been to rewrite the U.S. relationship with China. Yet as he approaches a potential deal, some of the very hawks who have cheered on the president’s trade war already fear he may end up falling short.
With less than a month before a March 1 deadline for either a deal or an increase in U.S. tariffs, hardliners inside and outside the administration fret Trump is being outplayed by Chinese President Xi Jinping and seduced by what they see as empty promises.
After Trump hosted Chinese Vice Premier Liu He at the White House last week, one administration official privately likened the direction of negotiations to the president’s caving to Democrats in the shutdown battle over funding for a border wall. Another person close to the talks said Trump appeared determined to turn a pile of crumbs offered by China into what at best might turn out to be a slice of bread. Click here to read more.
- Video: Trump Hard-Liners Not Buying China Trade Promises (Bloomberg)
- UN Warns of ‘Massive’ Impact of Tariff Hike (BBC News)
- U.S. Soybeans Close Moderately Higher as China Books More (Xinhua)
- ADM Fourth-Quarter Profit Misses as US-China Trade War Stings, Shares Drop (Reuters)
- US-China Trade Talks: What’s All the Fuss About Soybeans? (Chicago Tribune)
- Trump Optimistic on Trade Deal With China, but May Keep Tariffs Anyway (New York Times)
- Here’s What Investors Should Watch for in Trump’s State of the Union (CNBC)