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I am a Practitioner of 'The 7e Way of Leaders' where a Leader will Envision, Enable (ASK for TOP D), Empower, Execute, Energize, and Evolve grounded on ETHICS!

Friday, August 3, 2018

Daily Lessons from Life 02 August 2018 - Real or fake negotiating tactics?

"China urges US to return to reason on trade, says tactics won't work

BEIJING: China on Thursday (Aug 2) urged the United States to return to reason after the Trump administration sought to ratchet up pressure for trade concessions by proposing a higher 25 per cent tariff on US$200 billion worth of Chinese imports.
US Trade Representative Robert Lighthizer said on Wednesday that President Donald Trump directed the increase from a previously proposed 10 per cent duty because China has refused to meet US demands and has imposed retaliatory tariffs on US goods.
Trump's threats of higher tariffs weighed on China's financial markets. But Chinese Foreign Ministry spokesman Geng Shuang reiterated at a regular news briefing that the United States' efforts at "blackmail" would fail.
"We would advise the United States to correct its attitude and not try to engage in blackmail. This won't work on China," Geng said.
"Secondly, we would advise the US side to return to reason, and not blindly let emotions affect their decisions, because in the end this will harm themselves," Geng said.
Chinese shares fell on Thursday, and so far this year, the Shanghai Composite Index has slumped more than 16 per cent, the world's second-worst performing stock index."
Let's see who blink 1st!!
Based on pure logic, USA has the upperhands as some of its export to China, if stopped, CAN KILL some big Chinese companies!! e.g. the Zhongxing Telecom saga is an example!
Of course the Chinese can stop buying tge US treasury bonds n see how the Americans cope. Chances r they can just print US dollar if need be!!
Interesting to watch this saga develops!!

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