The gathering of Sino-US and London negotiations began on June 9. According to Bloomberg, the first day of the meeting ended at around 8 pm London time on June 9. The two sides will meet again at 10:00 am local time on June 10, UK. The main negotiators of the US delegation are US Treasury Secretary Becente, Commerce Secretary Lutnik and Trade Representative Greer.
The Chinese delegation also has three main negotiators, namely China-US economic and trade leader He Li Lifeng, Vice Premier of the State Council, Li Chenggang, International Trade Negotiator and Deputy Minister of Commerce, and Wang Wentao, Minister of Commerce. This time, the arrangements of three key negotiators on both sides can roughly predict the main direction of the negotiations, and the two sides negotiated for 6 hours on the first day of June 9.
What does this mean? This shows that there are many contents that both parties need to discuss and confirm, and there are certainly great differences of opinions. So what did the two sides talk about during the first 6 hours? How are the talks? At present, China is tight-lipped and has not disclosed any information. However, the United States has released a lot of detailed information and revealed the approximate negotiation situation and progress.
According to relevant reports from Bloomberg and Reuters, after the first day of negotiations, the Chinese delegation took the lead in leaving the negotiation site, while the US delegation did not leave immediately. This shows that there are major differences within the United States and needs to be discussed and confirmed on the spot. Then, Hassett, director of the White House Economic Committee, told the media that "Today's China-US meeting will be short, but the result will be unfavorable to the market."
However, US Treasury Secretary Becente's main statement was "Today's talks are a good talk." US Commerce Secretary Lutnik's statement was "This Sino-US talks have achieved fruitful results." It is not surprising that what Trade Representative Greer said was "China has failed to lift restrictions on rare earth exports." Trump summed up in one sentence, "It is not easy to negotiate with China, this is not a casual talk. Regarding the lifting of export controls, we have to look at it again. This meeting should go smoothly."
The tone of Trump's six-hour negotiations is overall optimism, but the United States is most concerned about what it wants most, completely lifting the control of rare earth exports. China does not fully agree, but it should also relax export controls on American companies. However, from the optimistic statements of the US Treasury Secretary and the US Secretary of Commerce, China may make "concessions" to the United States in terms of financing US bonds and expanding imports of US goods. On the other hand, the United States should have made concessions in terms of tariffs and high-tech blockade on China.
Since both sides have agreed to continue the second negotiation on June 10, this also means that both sides still agree with the progress of the negotiations. At present, the focus of both sides is on lifting export controls. This is not a question of whether to lift them, but a question of how much they can lift them. This negotiation may need to quantify the categories of dismissal.
However, it is impossible for the United States to let us all lift the export controls on key dual-purpose materials such as rare earths and rare metals. Overall, there is a high probability that this negotiation will reach a consensus again and reach a temporary agreement. However, there are still serious fundamental contradictions between China and the United States. As long as the United States is unwilling to let go of its hostility towards our country, is unwilling to accept our rise, and still suppress and contain our country in an all-round way with the Cold War mentality, then sooner or later my country and the United States will move towards opposition and comprehensive decoupling.
This talk is just because the United States is restricted by the power of China's rare earth export control and has no choice but to seek peace. We need to keep a clear understanding of this and at the same time accelerate our rise without giving any chance of a comeback to the current crumbling American hegemony.
#The first meeting of the Sino-US economic and trade consultation mechanism continues today#
