, 12 tweets, 8 min read Read on Twitter
🇺🇸 🇨🇳 #G20 (1) | After Trump and Xi met on Saturday, the two countries plan to restart trade talks. Following his request to hold a conversation with Xi, Trump had to make 3 concessions ❗ to restart discussions and get a vague Chinese commitment to buy US agricultural products.
🇺🇸 🇨🇳 #G20 (2) | The US compromises came despite, ahead of the meeting, Xi Jinping spared no opportunity to paint the U.S. as the bad guy in #China’s spiraling trade conflict, while avoiding the provocative step of naming Trump personally - Bloomberg
🇺🇸 🇨🇳 #G20 (3) | Looking at the details, #Trump told reporters 1/ he wouldn’t put additional tariffs on #China for the “time being” (until there is progress in negotiations)…
🇺🇸 🇨🇳 #G20 (4) | … and that 2/ he’ll allow U.S. companies (lifting some restrictions) to supply #Huawei (in areas where where’s there no great national security threat).
🇺🇸 🇨🇳 #G20 (5) | He added said that the administration would discuss the telecommunications company's continued presence on the Commerce Department’s “entity list” in the coming days ❗ - Politico
🇺🇸 🇨🇳 #G20 (6) | #Huawei reacted positively to the news on its verified Twitter account:
🇺🇸 🇨🇳 #G20 (7) | The move is likely to draw criticism in #Washington (from Republican and Democrats) where national security hawks have urged Trump not to ease any pressure against #Huawei - Bloomberg
🇺🇸 🇨🇳 #G20 (8) | As a reminder, during the latest Democratic debate, 4 out of the 10 candidates named #China as the biggest geopolitical/economic threat to the United States.
🇺🇸 🇨🇳 #G20 (9) | In the meantime, medias also highlighted that 3/ Donald Trump Indicated his desire to reform U.S. visa policy to allow Chinese students remain and work in the United States after they finish their education - Politico
🇺🇸 🇨🇳 #G20 (10) | In exchange, Trump said Chinese President had promised to buy “tremendous” amounts of US agricultural products but Chinese official media reports said only that the U.S. president hopes China will import more US goods - Bloomberg
🇺🇸 🇨🇳 #G20 (11) | Based on details available so far ❗, there appeared to be little progress in other areas. It doesn’t seem that Xi has made commitments on market access, IP or gvt subsidies.
🇺🇸 🇨🇳 #G20 (12) | The easing of tensions will reduce some of the urgency in the #Fed to cut rates by 50bps in July, an idea that’s has been less likely after Kaplan’s speech.
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