Discussed purchases, will talk about board of tradeWe are trying to balance trade outUS has a stronger position because of our trade deficit with ChinaWill also discuss board of investments, that will cover non-strategic and non-sensitive areas where China can investThink we’re going to see large Boeing ordersAlso talked about China buying more energy todayThinks China will do what it can on the Strait of HormuzThe reopening of the strait benefits ChinaBelieves that China will work behind the scenes to the best of their capabilities
On the headline remark, we’ve been here one too many a time. It has been an issue for more than a decade already. Anyone can still remember the Phase One trade deal? Well, that was pretty much a joke at the end of the day and I don’t see any reason why this won’t turn out to be the same.
China will surely offer up a couple of gestures of goodwill in stepping up agricultural purchases for a few months, before returning back to the status quo again. And in the case of soybeans, they’ll be looking back to Brazil again in no time surely.
Again, whatever that the two sides are discussing here are mainly for show. They need to tell the world that they have something to show for after the meeting this week. But come what may, it’s all just to maintain some sense of a cordial relationship for now after having seen things escalate last year due to the tariffs war.