- ‘Everyone bows to the sword’: Analysts
- The Chinese News Agency has also said that the relations between the two countries have become win-win, so both will benefit
China announced on Sunday that it has reached a basic agreement with the US on the trade agreement.
This change will be effective before the talks between President Trump and Chinese President Xi Jinping in Kuala Lumpur. It is learned that this decision was taken during the talks between Chinese Vice Premier He Lifen and US Treasury Secretary Scott Besant. It is likely to be effective before the meeting of the SCO countries to be held in Kuala Lumpur. This is reported by the Chinese news agency Xinhua.
It is worth mentioning that Trump had decided to impose a 100% tariff on all goods imported from China to buy oil from Russia. While it was announced to impose a 25% punitive tariff on India in addition to the 25% tariff. Because India also buys oil from Russia. Although China buys much more oil than India, Trump is thinking of giving concessions. One of the reasons he gives is that it is imperative to buy rare metals from China. Therefore, it is imperative to give this concession.
This decision was taken during the talks between Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bisance. Therefore, this concession is being considered. India is not bowing down at all. And is standing firm in the trade war. Therefore, it is being appreciated worldwide. However, there is no possibility of reducing the import tax (tariff) on India. On the other hand, it seems clear that China will be completely exempted from 100% tariff.
However, analysts are not surprised by this. They say that if everyone bows to the sword, then what is more important than China’s economy is its military power. The matter is straightforward and simple, everyone bows to the sword. The sacrifice is made of a goat. It is not yet known that a tiger has been sacrificed. But Trump is mistaken, India is not a goat. It has the strength of an elephant. An elephant is the most powerful animal. Trump has been reminded of this.
Among the items imported by America from China, there are rare-earths (weak-minerals) which are useful for its electronic devices and defense. Therefore, removing tariffs is inevitable. Moreover, China is the third military power in the world. Trump knows that. Therefore, analysts say that everyone bows to the sword.
