‘You don’t do these things prior to negotiations,’ ex-diplomat says of US actions against China

A Chinese and U.S. flag at a booth during the first China International Import Expo in Shanghai, taken on taken on November 6, 2018. The latest U.S. actions against Chinese officials and companies don’t “set a good tone” for an upcoming high-level trade talk, a former American ambassador to China said Wednesday. Both announcements came just days ahead of a high-level trade meeting set to take place in Washington on Thursday and Friday. Max Baucus, former U.S. ambassador to China from February 20


A Chinese and U.S. flag at a booth during the first China International Import Expo in Shanghai, taken on taken on November 6, 2018. The latest U.S. actions against Chinese officials and companies don’t “set a good tone” for an upcoming high-level trade talk, a former American ambassador to China said Wednesday. Both announcements came just days ahead of a high-level trade meeting set to take place in Washington on Thursday and Friday. Max Baucus, former U.S. ambassador to China from February 20
‘You don’t do these things prior to negotiations,’ ex-diplomat says of US actions against China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: yen nee lee abigail ng, yen nee lee, abigail ng
Keywords: news, cnbc, companies, street, chinese, signs, taken, exdiplomat, prior, things, negotiations, china, tone, told, actions, dont, set, trade


'You don't do these things prior to negotiations,' ex-diplomat says of US actions against China

A Chinese and U.S. flag at a booth during the first China International Import Expo in Shanghai, taken on taken on November 6, 2018.

The latest U.S. actions against Chinese officials and companies don’t “set a good tone” for an upcoming high-level trade talk, a former American ambassador to China said Wednesday.

The Trump administration on Tuesday placed visa restrictions on Chinese officials it “believed to be responsible for, or complicit in, the detention and abuse of” Muslim minorities in China’s northwestern Xinjiang region. That followed a Monday move to blacklist 28 Chinese companies alleged to be involved in surveillance and detention of minority groups in China.

Both announcements came just days ahead of a high-level trade meeting set to take place in Washington on Thursday and Friday.

“You don’t do these things prior to negotiations. It does not set a good tone, that’s tactically. Strategically, all these actions — I think — are causing the Chinese to wonder: ‘What is the US’ real motive here?'” Max Baucus, former U.S. ambassador to China from February 2014 to January 2017, told CNBC’s “Street Signs Asia.”

Baucus, also a former Democratic senator from Montana, said the U.S. actions could simply be posturing ahead of the planned trade talks to get a better deal from China. But, “China will not be bluffed,” he added.

Taimur Baig, chief economist at DBS Group Research, echoed that sentiment. “There are ways of putting pressure — back channel diplomacy, implicit threats and so on, but this is very explicit (and) very noisy,” he told CNBC’s “Street Signs Asia.”

“The … potential loss of face for the Chinese is massive. I can’t imagine anybody rationally expecting a constructive outcome out of this,” he added. Baig also said the timing of the U.S. move “could not be worse” and it would “definitely backfire.”

Beijing, in response to the U.S. blacklist of Chinese firms, said it urges the U.S. to “stop interfering” in its internal affairs and suggested that it would retaliate against the American move.


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: yen nee lee abigail ng, yen nee lee, abigail ng
Keywords: news, cnbc, companies, street, chinese, signs, taken, exdiplomat, prior, things, negotiations, china, tone, told, actions, dont, set, trade


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Trump ‘almost brilliant’ in trying to time China deal closer to election, snipes ex-diplomat

President Donald Trump could be “playing a waiting game” when it comes to striking a trade deal with China to help his reelection bid, former U.S. ambassador to China Max Baucus told CNBC on Wednesday. And maybe in the back of his mind he’s going to wait a little bit,” said Baucus. Hopefully the markets begin “to understand” Trump and ease up on the volatility, Baucus said on “Squawk Box. ” Baucus said he’s not sure how long the world’s two largest economies can wait before striking a deal. Anyo


President Donald Trump could be “playing a waiting game” when it comes to striking a trade deal with China to help his reelection bid, former U.S. ambassador to China Max Baucus told CNBC on Wednesday. And maybe in the back of his mind he’s going to wait a little bit,” said Baucus. Hopefully the markets begin “to understand” Trump and ease up on the volatility, Baucus said on “Squawk Box. ” Baucus said he’s not sure how long the world’s two largest economies can wait before striking a deal. Anyo
Trump ‘almost brilliant’ in trying to time China deal closer to election, snipes ex-diplomat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-28  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, trade, snipes, deal, exdiplomat, brilliant, baucus, waiting, sent, election, trying, striking, wait, hes, china, closer, trump, president


Trump 'almost brilliant' in trying to time China deal closer to election, snipes ex-diplomat

President Donald Trump could be “playing a waiting game” when it comes to striking a trade deal with China to help his reelection bid, former U.S. ambassador to China Max Baucus told CNBC on Wednesday.

“Let’s not forget, Donald Trump is, in a certain sense, very smart. Almost brilliant. And maybe in the back of his mind he’s going to wait a little bit,” said Baucus. “Then the stock market is going to zoom up. It will rocket up, and maybe help him get reelected.”

Trump is “playing a waiting game. I have a hunch that’s in the back of his mind,” argued Baucus, a diplomat during former President Barack Obama’s administration. He’s also a Democratic former senator from Montana.

The escalating U.S.-China trade war has sent financial markets falling and soaring on nearly every headline. Wall Street is showing increasing concern over Trump’s latest plan for tariffs on more Chinese goods and higher rates on existing duties. The president’s Friday tariff announcement sent the Dow Jones Industrial Average down 623 points. The Dow recovered a bulk of those losses on Monday, only to fall back again Tuesday.

Hopefully the markets begin “to understand” Trump and ease up on the volatility, Baucus said on “Squawk Box. ” “They’re beginning to realize that all of this rhetoric from the president isn’t really getting the result.”

Baucus said he’s not sure how long the world’s two largest economies can wait before striking a deal. “The question is how long can he wait until something else goes south?”

Anyone with a significant market in China, especially farmers, are losing share they won’t get back, said Baucus. That could lead to lost votes for Trump, he also posited.

A White House spokesman was not immediately available to respond to Baucus’ comments.


Company: cnbc, Activity: cnbc, Date: 2019-08-28  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, trade, snipes, deal, exdiplomat, brilliant, baucus, waiting, sent, election, trying, striking, wait, hes, china, closer, trump, president


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