Financial Times

Trump i Kina…

USA:s president Donald Trump har varit i Kina och bland annat talat om handel. Hans mest uppmärksammade uttalande var att han inte klandrar Kina för USA:s underskott i handelsbalansen. I stället menade Trump att hans företrädare var skyldiga. Men föru...

Trump i Kina…

USA:s president Donald Trump har varit i Kina och bland annat talat om handel.

Hans mest uppmärksammade uttalande var att han inte klandrar Kina för USA:s underskott i handelsbalansen. I stället menade Trump att hans företrädare var skyldiga.

Men förutom de politiska deklarationerna gjordes affärsöverenskommelser på kring 250 miljarder dollar. Hur stor del av detta som kommer att förverkligas är en annan fråga.

Några pressröster:

Financial Times:

”Donald Trump blamed his predecessors for the US’s widening trade deficit with China, praising Xi Jinping and telling an audience in Beijing he did not “blame” Chinese leaders for “taking advantage” of Washington.

In a striking change of tone from the US president, who portrayed China as an economic bogeyman throughout last year’s election campaign, Mr Trump appeared at pains to rekindle the bonhomie that characterised the leaders’ first meeting at his Florida compound in April, a tenor that quickly deteriorated over North Korea.

Although Mr Trump has been welcomed with a state dinner and extensive pomp, Mr Trump’s personal warmth towards Mr Xi was not reciprocated, with the Chinese leader using far more restrained language in his own comments.

“It’s a very good chemistry between the two of us, believe me,” said Mr Trump. “After all, who can blame a country for being able to take advantage of another country for the benefit of its citizens. I give China great credit. In actuality, I blame past [US] administrations for allowing this out-of-control trade deficit to take place and to grow.”

Despite the personal outreach, Mr Trump still used his remarks to push Beijing to rebalance their countries’ “out-of-kilter” economic relationship and “quickly” break the impasse over North Korea’s nuclear and missile development programmes.

“Trade between China and the US has not been over recent years very fair for the US,” the US president said after a morning of meetings with his Chinese counterpart. “We must immediately address the unfair practices that drove [our trade] deficit along with barriers to market access.”

Mr Trump thanked Mr Xi for China’s efforts to restrict its trading and financial relationships with North Korea but implied Beijing could do more. “China can fix this [North Korea] problem easily and quickly,” Mr Trump told an audience of US and Chinese officials and business executives. “I know one thing about your president, if he works on it hard it will happen. There’s no doubt about it.”

Mr Xi did not respond to Mr Trump’s challenges directly, instead highlighting how successful US car companies had been in China and the number of jobs created by Chinese investors in the US. “We will never close our doors,” he said. “They will only open wider and wider.”

“Co-operation is the only viable choice,” Mr Xi said. ”

New York Times:

”BEIJING — President Trump’s $250 billion in Chinese business deals probably won’t be enough to stop a trade fight.

Mr. Trump met with his Chinese counterpart, Xi Jinping, in Beijing on Thursday, offering personal praise and qualified criticisms of China’s trade practices. China, in return, offered modest concessions on some thorny trade issues. The two sides also pointed to what they claimed were billions of dollars of deals between Chinese and American companies to show face-saving progress.

But behind the scenes, Washington and Beijing are gearing up for what may well be months of contentious relations between the world’s two largest trading partners.

After initially focusing this year on renegotiating the North American Free Trade Agreement and the United States’ free-trade pact with South Korea, Trump administration officials plan to pursue previous promises to investigate what they call Chinese theft of American intellectual property. Lawmakers also plan to intensify scrutiny of Chinese investments in sensitive areas of the American economy.

Mr. Trump hinted at coming tensions on those fronts on Thursday, saying he hoped to address “the chronic imbalance in our relationship as it pertains to trade.”

“This includes addressing China’s market access restrictions and technology transfer requirements,” he said, “which prevent American companies from being able to fairly compete within China.””

Huffington Post:

”BEIJING/SHANGHAI (Reuters) – President Donald Trump can return to the United States claiming to have snagged over $250 billion in deals from his maiden trip to Beijing. Whether those deals live up to the lofty price tag is another question altogether.

Watched by Trump and China’s President Xi Jinping at a signing ceremony in Beijing, U.S. planemaker Boeing Co, General Electric Co and chip giant Qualcomm Inc sealed lucrative multi-billion dollar deals.

“This is truly a miracle,” China’s Commerce Minister Zhong Shan said at a briefing in Beijing.

The quarter of a trillion dollar haul underscores how Trump is keen to be seen to address a trade deficit with the world’s second-largest economy that he has long railed against and called “shockingly high” on Thursday.

But U.S. businesses still have many long-standing concerns to complain about, including unfettered access to the China market, cybersecurity and the growing presence of China’s ruling Communist Party inside foreign firms.

William Zarit, chairman of the American Chamber of Commerce in China, said the deals pointed to “a strong, vibrant bilateral economic relationship” between the two countries.

“Yet we still need to focus on leveling the playing field, because U.S. companies continue to be disadvantaged doing business in China.”

U.S. tech companies like Facebook Inc and Google are mostly blocked in China. Automakers Ford Motor Co and General Motors must operate through joint ventures, while Hollywood movies face a strict quota system.

″(These deals) allow Trump to portray himself as a master dealmaker while distracting from a lack of progress on structural reforms to the bilateral trade relationship,” Hugo Brennan, Asia analyst at risk consultancy Verisk Maplecroft, said in a note.

Some huge deals were announced. Among them is a 20-year $83.7 billion investment by China Energy Investment Corp in shale gas developments and chemical manufacturing projects in West Virginia, a major energy-producing state that voted heavily for Trump in the 2016 election. [

“The massive size of this energy undertaking and level of collaboration between our two countries is unprecedented,” West Virginia Secretary of Commerce H. Wood Thrasher said in a statement.”

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Européer äter gärna amerikansk mat…

USA:s jordbruksproducenter blir allt mer irriterade på EU:s officiella uttalanden kring TTIP inför den förhandlingsrunda som kommer att påbörjas i mars. Enligt en artikel i Financial Times (bara för registrerade användare, men det finns en gratisvariant) är de s...

Européer äter gärna amerikansk mat…

USA:s jordbruksproducenter blir allt mer irriterade på EU:s officiella uttalanden kring TTIP inför den förhandlingsrunda som kommer att påbörjas i mars.

Enligt en artikel i Financial Times (bara för registrerade användare, men det finns en gratisvariant) är de starkt kritiska till ett avtal som inte innebär lättnader i EU:s motstånd mot hormonbehandlat kött och regleringar i genetiskt modifierade livsmedel.

Irritationen fick förnyat bränsle av de uttalanden EU:s handelskommissionär Karel De Gucht gjorde för en dryg vecka sedan under ett besök Washington. De Gucht gjorde mycket starka uttalanden om att den typen av lättnader i regelverket inte kunde komma på fråga. Den typen av kategoriska uttalanden är ovanliga (och olämpliga) i samband med att man skall påbörja förhandlingar.

USA:s representant Michael Froman slätade dock över uttalandena och påpekade att förhandlingarna ännu inte börjat och att de nog skulle kunna komma till ett väl balanserat avtal. En del amerikanska matproducenter har också hållit en lägre profil.

Det är även av andra skäl lätt att känna sympati för jordbruksproducenternas invändningar.

Godkännanden av genetiskt modifierade grödor tar extremt lång tid och kräver orimligt höga kostnader. Misstänksamheten mot USA:s matproducenter och reglerande myndigheter är dessutom direkt korkad. Är det något USA inte saknar är det regleringar motiverade av konsumentskydd. Inte minst för att skadeståndsprocesser är vanligare och kan leda till betydligt högre skadestånd än vad som är fallet i EU.

Och, kanske viktigast av allt. Som en representant för USA:s matproducenter påpekade: ”Européer kommer ju hela tiden till USA och äter amerikansk mat…”.

 

 

 

 

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Free trade consists simply in letting people buy and sell as they want to buy and sell. It is protection that requires force, for it consists in preventing people from doing what they want to do.
Henry George