China has tightened its position on trade with the United States

According to WSJ Beijing decided that Washington can soften its demands, as previously Donald Trump called XI Jinping his friend.

Beijing decided to take a tougher stance in consultations with Washington on trade issues because it believed that the US could soften its demands. This is stated in the article of the newspaper The Wall Street Journal.

According to sources, “Beijing interpreted the recent statements and actions of President Donald Trump as evidence that the United States is ready to make concessions.” As stated in the publication, the Chinese authorities believed that the US can “make a compromise.”

Sources note that we are talking, in particular, about Trump’s statements about the need to lower the base interest rate in the United States. According to the newspaper, Beijing regarded it as “evidence that the President believes the US economy is less stable than he claimed.” The Chinese authorities were allegedly “inspired” by Trump’s statements that Chinese President XI Jinping is his friend, as well as positive reviews of the American leader about Vice Premier Liu He.

The article states that consultations on trade issues between the US and China will continue this week. As the newspaper emphasizes, earlier “it was expected that the negotiators are close to the conclusion of the transaction,” but “now they are trying to avoid its collapse.”