US must concede final 20 per cent of demands to agree trade war deal with China, leading Chinese expert says
- Jin Canrong, an international relations professor at Renmin University of China in Beijing, says China had agreed to 80 per cent of a deal as far back as May
- ‘Between 60 and 70 per cent’ chance of Chinese President Xi Jinping and American counterpart Donald Trump agreeing a deal in November if US can lower demands
Chinese President Xi Jinping and US counterpart Donald Trump could reach a deal to end the ongoing trade war by their next scheduled meeting in November, but only if Washington is able to drop the final 20 per cent of American demands currently on the table which are impossible for Being to agree to, according to a leading Chinese expert.
China has already agreed to 80 per cent of demands for a trade deal, but the final portion of Washington’s demands are seen by Beijing as an infringement on its sovereignty, said Jin Canrong, an international relations professor at Renmin University of China in Beijing, on his social media account.
Jin believes the odds are “between 60 and 70 per cent” that China and the US can reach a trade deal by the time Xi and Trump are likely to meet at the Asia-Pacific Economic Cooperation summit in Chile, but only if the US can lower or even drop certain demands.
“It’s not a 100 per cent thing, and it’s possible that the negotiations will collapse,” Jin warned. “The major reason is that China has already offered to make huge concessions.”
The Politburo would never agree to these terms. It would be forfeiting sovereignty and humiliating the nation