China Pours Cold Water On Trump's Tariff Delay Olive Branch
https://www.zerohedge.com/news/2019-08-14/china-pours-cold-water-trumps-tariff-delay-olive-branch
First China mocked Trump's unsolicited tariff delay "olive branch" as evidence that the US is now losing the trade war. Now, the Asian superpower has also made it clear that the proposed delay - which came out of the blue and was not made in exchange for any concessions from Beijing - will be too little, too late, and that
if Trump hopes China will resume agricultural imports from the US simply in exchange for the 2.5 month delay in imposing the new Chinese import tariffs, he will be waiting for a long time.
As a reminder, yesterday in his tariff delay takeaway note, Standard Chartered's Steven Englander said that in his view, "the US will expect China to reciprocate by buying US agricultural products in the coming weeks."
Alas, as Global Times editor in chief and legendary twitter troll,
Hu Xijin made clear moments ago (on twitter, of course), such a reciprocal action won't be coming, and instead China will be demanding that Trump revert back to the Osaka G-20 "ceasefire" which means scrapping the newly proposed tariffs entirely, for negotiations to resume as "the Chinese side requests that both sides respect the consensus reached at Osaka summit, which is removing all additional tariffs, not delaying some"...
