China insists on concrete demands so that a deal can be made – the Wall Street Journal reports. One of the central demands is the lifting of the Huawei ban, according to the report in the WSJ.
WSJ” also reports that Beijing insists on the abolition of existing tariffs and that the USA is dropping the demand that China buys more US agricultural products.
Meanwhile, Hu Xijin, editor-in-chief of the Global Times and always well informed about the mood of the leadership in Beijing, has described Trump’s alleged Plan B (initial tariffs of 10% on the remaining imports from China worth $300 billion) as an “unfriendly act” that has consequences:
That doesn’t sound much like a breakthrough – the stock markets are clearly under pressure now…