This Is a Small Step Between U.S. and China, Says Eurasia Group’s Broderick
Small Step Between U.S. and China.
Kelsey Broderick, China analyst at Eurasia Group, discusses the U.S.-China trade talks and her outlook for the negotiations.
What were the smaller issues that were addressed in the recent talks between the United States and China?
After months of trade tensions and political jabs, the United States and China have finally resumed talks to ease tensions and reach a resolution to the ongoing trade war. But while the two sides have made some progress, there is still a long way to go before any concrete agreements are reached.
According to analyst Paul Broderick of the Eurasia Group, the progress made in the latest talks represent only a small step towards a larger agreement between the United States and China. Broderick highlights that the recent talks were only focused on smaller, less significant issues rather than the larger and more complex areas of disagreement between the two nations.
This observation is supported by the joint statement released by the two countries at the end of the talks, which only made vague commitments to addressing issues of intellectual property theft and multiple areas of disagreement concerning trade. The statement also failed to offer any concrete details or timetables of exactly how these issues will be addressed.
Despite this, the fact that the two sides are talking again marks a significant change in the U.S.-China relationship, which has been marked by tensions and disagreements over issues such as intellectual property theft and the use of tariffs as a weapon in trade disputes.
Furthermore, the resumption of talks has also calmed the fears of investors and business owners who have been wary of the economic fallout of a prolonged trade war. The two sides have imposed hefty tariffs on each other’s goods, leading to a decline in global demand and trade volumes.
While the outcome of these talks is uncertain, it is clear that both the United States and China are eager to reach a resolution and avoid a prolonged economic conflict. The resolution of the trade dispute could have long-lasting effects, not only on the economies of the two countries but on the global economy as a whole.
In conclusion, while the progress made in the recent U.S.-China talks is modest, it represents a significant step forward towards a resolution to the ongoing trade war. However, it is essential that the two countries now take decisive action to resolve the complex issues that remain on the table. Only time will tell if the two sides can build on the progress made and work together towards a fair and equitable solution.