{"id":19052,"date":"2019-10-12T01:32:53","date_gmt":"2019-10-12T01:32:53","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=19052"},"modified":"2019-10-12T19:16:48","modified_gmt":"2019-10-12T19:16:48","slug":"trade-talks-extend-and-pretend","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2019\/10\/12\/trade-talks-extend-and-pretend\/","title":{"rendered":"Trade talks: &#8216;Extend and pretend&#8217;"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/trump-surrender.png?w=525&#038;ssl=1\" alt=\"Donald Trump\" \/><\/p>\n<p>Donald Trump has been weakened by the impeachment process, with more than half the respondents in a recent <a href=\"https:\/\/www.foxnews.com\/politics\/fox-news-poll-record-support-for-trump-impeachment\">Fox News poll<\/a> wanting the troubled President impeached:<\/p>\n<blockquote><p>&#8220;A new high of 51 percent wants Trump impeached and removed from office, another 4 percent want him impeached but not removed, and 40 percent oppose impeachment altogether.&#8221;<\/p><\/blockquote>\n<p>Criticism in the right-wing press is growing, with <a href=\"https:\/\/www.foxnews.com\/opinion\/judge-andrew-napolitano-trump-attacks-presidency\">Judge Andrew Napolitano<\/a> on Fox News:<\/p>\n<blockquote><p>&#8220;A CIA agent formerly assigned to the White House \u2013 and presently referred to as the &#8220;whistleblower&#8221; \u2013 reported a July 25, 2019 telephone conversation that Trump had with Ukraine\u2019s President Volodymyr Zelensky. That conversation manifested both criminal and impeachable behavior.<\/p>\n<p>The criminal behavior to which Trump has admitted is much more grave than anything alleged or unearthed by Special Counsel Robert Mueller, and much of what Mueller revealed was impeachable&#8230;.&#8221;<\/p><\/blockquote>\n<p>In an attempt to shore up his ratings, the embattled President has softened\u00a0 his stance towards an <a href=\"https:\/\/www.nbcnews.com\/politics\/donald-trump\/trump-announces-phase-one-trade-deal-china-n1065221\">interim trade deal<\/a> with the Chinese.<\/p>\n<blockquote><p>&#8220;President Donald Trump said Friday that the U.S. and China had reached a \u201csubstantial phase one deal\u201d on trade that will eliminate a tariff hike that had been planned for next week.<\/p>\n<p class=\"endmarkEnabled\">Trump announced the deal in the Oval Office alongside members of his economic and trade teams, as well as Chinese Vice Premier Liu He and his team, who were in Washington for negotiations.<\/p>\n<p class=\"endmarkEnabled\">Trump said the deal would take three to five weeks to write and could possibly be wrapped up and signed by the middle of November&#8230;.&#8221;<\/p>\n<\/blockquote>\n<p>The deal is likely to be limited in scope, which will suit China. More from <a href=\"https:\/\/www.nbcnews.com\/business\/economy\/china-trade-announcement-expected-be-positive-not-blockbuster-deal-n1065066\">NBC News<\/a>:<\/p>\n<blockquote><p>&#8220;The White House and China are expected to announce that Beijing will buy more agricultural products, particularly pork and soybeans, from the U.S.<\/p>\n<p>\u201cIt seems like they\u2019ve already begun to buy pork,&#8217; said Jacob Kirkegaard, a senior fellow at the Peterson Institute for International Economics, pointing out that a swine fever epidemic has decimated China\u2019s domestic pork industry. \u201cThey want to contain domestic prices,&#8217; he said. \u201cThey\u2019re not doing this just to please Trump. They\u2019re doing this because it suits them.&#8217;<\/p>\n<p>While there is little expectation that the Trump administration would roll back existing tariffs, a further delay of two looming deadlines would send a key signal to the markets about the trajectory for future trade relations&#8230;&#8230;&#8221;<\/p><\/blockquote>\n<p>None of the hard issues will have been addressed and an interim deal is effectively a retreat by the Trump administration:<\/p>\n<blockquote><p>Thornier \u2014 and more fundamental \u2014 trade issues pertaining to intellectual property protections, market access and America\u2019s push for China to change its legislation around these and other contentious issues would likely fall by the wayside, analysts said. \u201cThere aren\u2019t going to be any of these other issues addressed, unless Trump caves,&#8217; Kirkegaard said. \u201cIt certainly doesn\u2019t address any of the structural issues&#8230;he went to war for.&#8217;<\/p>\n<p>&#8230;.\u201cIt\u2019s a ceasefire. It\u2019s not a peace treaty,&#8217; Kirkegaard said. \u201cIt\u2019s what the Chinese wanted all along.\u201d<\/p><\/blockquote>\n<p>This was always the likely outcome, with the US economy in a stronger position to withstand a trade war but Xi and the CCP stronger politically and able to absorb more domestic pressure than the fragile Trump administration.<\/p>\n<p>What we are likely to get during Trump&#8217;s remaining time as President is more &#8216;extend and pretend&#8217; &#8212; a ceasefire rather than a resolution of the underlying issues regarding protection of intellectual property and reciprocal market access.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump has been weakened by the impeachment process, with more than half the respondents in a recent Fox News poll wanting the troubled President impeached: &#8220;A new high of 51 percent wants Trump impeached and removed from office, another 4 percent want him impeached but not removed, and 40 percent oppose impeachment altogether.&#8221; Criticism &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/10\/12\/trade-talks-extend-and-pretend\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Trade talks: &#8216;Extend and pretend&#8217;&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41,3778,34],"tags":[4013],"class_list":["post-19052","post","type-post","status-publish","format-standard","hentry","category-china-hk","category-international-trade","category-us-canada-countries-regions","tag-us-china-trade-talks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trade talks: &#039;Extend and pretend&#039; - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trade talks: &#039;Extend and pretend&#039; - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Donald Trump has been weakened by the impeachment process, with more than half the respondents in a recent Fox News poll wanting the troubled President impeached: &#8220;A new high of 51 percent wants Trump impeached and removed from office, another 4 percent want him impeached but not removed, and 40 percent oppose impeachment altogether.&#8221; Criticism &hellip; Continue reading &quot;Trade talks: &#8216;Extend and pretend&#8217;&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/10\/12\/trade-talks-extend-and-pretend\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-12T01:32:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-12T19:16:48+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2018\/trump-surrender.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/10\\\/12\\\/trade-talks-extend-and-pretend\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/10\\\/12\\\/trade-talks-extend-and-pretend\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Trade talks: &#8216;Extend and pretend&#8217;\",\"datePublished\":\"2019-10-12T01:32:53+00:00\",\"dateModified\":\"2019-10-12T19:16:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/10\\\/12\\\/trade-talks-extend-and-pretend\\\/\"},\"wordCount\":582,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2019\\\/10\\\/12\\\/trade-talks-extend-and-pretend\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2018\\\/trump-surrender.png\",\"keywords\":[\"US-China trade talks\"],\"articleSection\":[\"China &amp; 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Trump is\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16155,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/04\/09\/trade-wars-playing-hardball-with-china\/","url_meta":{"origin":19052,"position":1},"title":"Trade Wars: Playing hardball with China","author":"Colin Twiggs","date":"April 9, 2018","format":false,"excerpt":"Remember North Korea and the imminent nuclear war? With leaders trading insults on Twitter and bragging: \"My nuclear button is bigger than yours.\" It may resemble a WWF arena more than international diplomacy but that is how Donald Trump conducts foreign affairs. The current Twitter war over trade tariffs is\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19639,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/01\/18\/trump-gets-his-deal\/","url_meta":{"origin":19052,"position":2},"title":"Trump gets his Deal","author":"Colin Twiggs","date":"January 18, 2020","format":false,"excerpt":"Donald Trump signed the Phase One US-China trade deal with China's Vice-Premier Liu He in Washington D.C. on Wednesday. The deal is important for Trump politically as he needs to disrupt media focus on his impeachment playing out in the Senate. China attempted to downplay the significance of the deal\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62986,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/10\/30\/trump-xi-more-of-the-same\/","url_meta":{"origin":19052,"position":3},"title":"Trump-Xi more of the same","author":"Colin Twiggs","date":"October 30, 2025","format":false,"excerpt":"United States President Donald Trump and his Chinese counterpart Xi Jinping have agreed to a trade truce under which the US will ease tariffs and Beijing will restart imports of US soya beans, delay the introduction of export restrictions on some of its rare earth metals, and intensify efforts to\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18403,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/06\/13\/no-us-china-trade-deal\/","url_meta":{"origin":19052,"position":4},"title":"No US-China trade deal","author":"Colin Twiggs","date":"June 13, 2019","format":false,"excerpt":"\"On Monday, US President Trump told reporters that he would impose tariffs on an additional USD 300 billion of Chinese goods if Xi Jinping doesn\u2019t meet with him in Japan.\" ~ Trivium China, June 12, 2019 Trump is doing his best to kill any chance of a trade deal. He\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63117,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/11\/19\/yttrium-what-trade-deal\/","url_meta":{"origin":19052,"position":5},"title":"Yttrium &#8211; what trade deal?","author":"Colin Twiggs","date":"November 19, 2025","format":false,"excerpt":"Key Points Supplies of rare earth element yttrium have dwindled, sending prices soaring. China has not lifted export controls imposed in April as retaliation for US tariffs. China is squeezing the supply of rare-earth element yttrium, sending the semiconductor and aerospace industries into a panic. The October meeting between President\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"Yttrium Oxide","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-18-yttrium.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-18-yttrium.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-18-yttrium.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-18-yttrium.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/19052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=19052"}],"version-history":[{"count":4,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/19052\/revisions"}],"predecessor-version":[{"id":19061,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/19052\/revisions\/19061"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=19052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=19052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=19052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}