The top US trade negotiation team will travel to China next week but expectations are low as Trump Says China May Delay Trade Deal Until After 2020 Elections

“I think that China will probably say, ‘let’s wait,’” Trump told reporters in the Oval Office on Friday. “When I win, like almost immediately, they’re all going to sign deals.”

The biggest sticking point from China’s perspective is a U.S. demand to keep the punitive tariffs in place until Beijing actually implements reforms to state-owned enterprises and intellectual property. It’s politically unfeasible for Xi to accept any deal that doesn’t remove the tariffs: Nationalists in the Communist Party are pressuring him to avoid signing an “unequal treaty” reminiscent of those China signed with colonial powers.

U.S.-China Trade Talks Set to Resume With Modest Expectations

The Wall Street Journal also down plays the talks in its report Trade Talks Set to Resume With Modest Expectations.

“I don’t know if they’re going to make a deal,” Mr. Trump said Friday. “Maybe they will, maybe they won’t.”

RECOMMENDED ARTICLES

Among the possible smaller achievements that might be obtainable, close observers say, would be a commitment by China to purchase more agricultural products and action by the U.S. to relax its ban on U.S. companies selling to telecommunications equipment giant Huawei Technologies Co., which President Trump has already agreed to do in general terms.

Progress toward a small agreement on Huawei and agricultural purchases could set the stage for negotiators to tackle bigger issues in a follow-up meeting in Washington, the people following the talks say.

“There are things, besides buying a million bags of soybeans, that China can do on the structural issues that would actually be helpful and would make a difference,” said William Reinsch, a senior adviser at the Center for Strategic and International Studies. “But that’s at best 30% down the road of what the U.S. has been demanding.”

I expect some minor deal that Trump will brag about. But the winner will be China if Trump relaxes the ban on Huawei.

The "big" win is always around the corner. When trump wins China will sign big deals "almost immediately".

Mike "Mish" Shedlock

Changing Time Line Anatomy of Trump's Trade Deal With China

Trump has changed his tune on a trade deal with China so many times it's hard to count.

Trump Hails "Big Progress" on Trade Deal With China

Supposedly there is "big progress" on a comprehensive trade deal with China. Color me skeptical.

China Trade Deal "Success": Details None

The US and China both claim trade talk success. There are literally no details.

Expect a Deal With China, Just Don't Expect Much From It

Trump says the trade talks with China are going well. And China will purchase soybeans again. Don't expect much more.

Who Will Win the Trade War? Some Say China, Others Say Trump

Stories abound regarding who will win Trump's trade war with China. Trump? China? Neither? Both?

Trump's Trade War With China: The US is Not Winning

Think trade wars are easy to win? Think again.

No Foolin' This Time We're Close, Really Close to Trade Deal With China

Trump says we're really close to a deal with China but “major, major issues left,” says trade rep Robert Lighthizer.

Trump's No Meat on the Bones Trade Announcement With China

The market rallied yet again on Friday on still more rumors of a trade deal with China. Details are lacking.

Trump and China to Sign Trade War Ceasefire on Wednesday

On Wednesday, the US and China will sign a compromise deal that will calm but not end a two-year trade war.