There's a '50-50' chance of a trade deal at the G-20, says former US ambassador

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50-50 chance of a trade deal at G20 as Trump blows hot and cold, says former US ambassador to China

Last Friday, the U.S. more than doubled tariffs on $200 billion of Chinese goods in the midst of ongoing negotiations, promptingBeijing announced Monday that more than 5,000 American products could see duties rise as high as 25% from June 1.

This very public approach has put both countries in a very difficult position because it's very hard to back down now.in 2020 will also be a factor in the ongoing trade negotiations. "I frankly wonder, it's very possible that President Trump will strike a deal before 2020. That will especially happen if the stock market is going south because he likes a solid stock market," said Baucus, who is also a former U.S. democratic senator from Montana.

But Trump is caught "in a bit of a box" as "he doesn't want to appear weak," said Baucus. "If he appears weak, he will be criticized by the democratic presidential nominee and other democrats, so he's in a bit of a box.""This very public approach has put both countries in a very difficult position because it's very hard to back down now," said Baucus.

"China wants to do business with the United States. China wants a deal, but China wants a deal that China can live with," said Baucus.

 

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Any decision is 50/50. Do or do not

😂 China were humiliated and that is unknown how they would react as they are working on other options to reduce ties with their economy with America... stability vs desirability

wef LauraTrevelyan trowynt johnrutledge steveliesman G 20 Summit! E 20 Invited? It's like driving a car with tyres on only on the front wheels. Yes, they can drag the car down the road. but it will move faster/more efficiently with tyres on all the wheels Regards Slim

WorldBank ftworldnews nytimesworld macfound cnbci G 20 Summit! E 20 Invited? It's like driving a car with tyres on only on the front wheels. Yes, they can drag the car down the road. but it will more faster and more efficiently with tyres on all the wheels Regards Slim

Moutapam Lagarde IMFNews G 20 Summit! E 20 Invited? It's like driving a car with tyres on only on the front wheels. Yes, they can drag the car down the road. but it will more faster an more efficiently with tyres on all the wheels. Regards, Slim.

It really depends on what side of the bed Trump wakes up on that day.

0%

Trump is a buffoon who doesn’t understand the most basic tenants of economics.

zero chance. trump the pagan is outmanuvered and above his paygrade dealing with these chinese people.

tradnews_

screw china, they have 2 billion in hand to feed

The Great wall of China /advantage now the great wall of America begins with shut down...?///

0% chance of any trade deal at G20 as China is not a pushover

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