“It seems to me that this is a temporary measure, this is not a calm, this is a change in the tactics of conducting this confrontation between the United States and China in the field of economics. The confrontation has been identified over the past two years, it has been aggravated last year, and now there is a certain phase of rapprochement, but this does not mean that the United States has retreated from its protectionist policies to regulate trade relations with China and from the desire to change the trade balance with China, ”explained Yarygin.
In his opinion, it cannot be said that China made “strategic concessions”.
“I think that China as a whole will expect this November, when either the president remains the same, then China will have to think about making concessions to the next four-year horizon, or if the president changes to the USA, negotiations will resume, I think that with no less acuteness about the change in the structure of the trade balance between the USA and China, ”the expert concluded.
Earlier, US President Donald Trump and Vice Premier of the State Council of China Liu He signed an agreement on the first phase of the trade deal in Washington.
In addition, the US Treasury reported that the second phase of the trade deal with China will include a reduction in duties.