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Slouching Toward Mar-a-Lago: Xi and Trump Inch Closer to Yes


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Positivity     36.00%   
   Negativity   64.00%
The New York Times
SOURCE: http://fortune.com/2019/03/02/slouching-toward-mar-a-lago-xi-and-trump-inch-closer-to-yes/
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Summary

On Friday, Trump said in a tweet that he has called on China to lift all levies on U.S. agricultural products as a sign of good faith as negotiations head into the final stretch.U.S. stocks ended the week at their highest level since November as investors regained confidence that a deal is imminent, overcoming the momentary panic induced by trade representative Robert Lighthizer’s warning to Congress Wednesday that “much still needs to be done.”In Washington, the punditocracy seems generally agreed that Trump’s decision to “walk away” from a deal with Kim Jong Un in Hanoi earlier in the week gives him greater cover to say yes to a deal with Xi Jinping. In Politico, Zachary Karabell decried Trump’s “phony trade war” as “just disruptive enough to cause consternation and insecurity on both sides of the Pacific and not nearly enough to force anyone to change much at all.” Bloomberg‘s David Fickling paid a backhanded tribute: “If President Trump wants to put his name on a big, splashy agreement that ultimately just returns things to the status quo, let him have it.”Meanwhile Canada’s Justice Department cleared the way for extradition proceedings for Meng Wanzhou, chief financial officer of Chinese telecommunications equipment manufacturing giant Huawei Technologies, provoking indignant commentary from Chinese diplomats. The Canadian legal process allows her multiple opportunities for appeal, and Trump has hinted repeatedly that he’d consider offering Meng clemency as part of a trade deal.Amid the hoopla, Sinocism’s Bill Bishop highlighted a report from the China Internet Network Information Center underscoring one of the reasons Fortune pays so much attention to China in the first place—and illustrating why China will still matter, no matter how the trade talks come out. Trump’s holding off until he can meet President Xi but on Thursday, after “walking away” from negotiations with Kim Jong-un, Trump warned he could walk away from China too if a deal “didn’t work out.” U.S. Trade Representative Robert Lighthizer said China has agreed to a process by which the U.S. can monitor whether Beijing is keeping its end of any future trade deal.

As said here by Clay Chandler, Eamon Barrett