It may be that China is waiting for a return of Trump at the end of this presidential campaign in anticipation of the resumption of such a relationship, according to the E.U. security source. An early case in point of this bargaining involving trade and security, according to Bolton, was the almost complete reversal of hard-hitting U.S. sanctions imposed on Chinese telecommunications company ZTE for committing major and repeated violations of the U.S.’s sanctions on Iran and on North Korea. According to Bolton, after a private telephone call to China’s President Xi Jinping – in which it later transpired that Xi told Trump that he would “owe [Trump] a favour” if he reduced the sanctions against ZTE – Trump did exactly what Xi had asked for. Trump shortly after tweeted: “President Xi of China and I are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!” As Bolton wrote in his book ‘The Room Where it Happened’: “Since when had we started to worry about jobs in China?”
oilprice.com
america first? nah, trump first.
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Bad News From China Could Be The Harbinger For Lower Oil Prices | OilPrice.com
Despite some industrial sector gains, concerns about China's future oil demand persist and could weigh on oil prices in 2025
america first? nah, trump first.