China Demand For ‘Other Unforeseeable Event’ Out In Trade Deal Was Possible Red Flag

4/16/2020 1:24:00 AM

'Force majeure' language is common in contracts, but rare in trade agreements.

'Force majeure' language is common in contracts, but rare in trade agreements, and was possibly another missed sign of the coronavirus outbreak in China ... S.V. Date U.S. President Donald Trump and China's President Xi Jinping arrive at a state dinner at the Great Hall of the People in Beijing, China, November 9, 2017.

President Donald Trump Such “force majeure” language, while common in commercial contracts, is rare in trade agreements, particularly between two countries with economies so large that they are essentially immune to localized floods and droughts.

Barack Obama But the language insisted upon by China in December, according to an informal adviser close to the White House who spoke on condition of anonymity, creates an exit path for the entire agreement, and should have been seen as another warning sign about the coronavirus outbreak.

Trump, eager to seal the China deal, did nothing to push China for details about the virus, and instead praised its dictator, Xi Jinping, for his “transparency” about the matter, the adviser said. “The whole month of January was lost,” he said.

Sounds like China knew what was going to happen

It’s almost like he didn’t understand ...

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Thank you!! Given trumps erratic behavior I don’t see why anyone would sign an agreement without it. Art of the deal, my ass. ? BS

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