12/3/2018

AGRICULTURE/AUTO INDUSTRY/CHINA/TRADE DEALS/TRUMP AS PRESIDENT: “President Trump cast his trade accord with President Xi Jinping of China as a huge victory for American farmers, automakers and other key political constituencies — statements that helped send volatile financial markets higher on Monday [12-3-18] and seemed intended to calm worries about the economic toll of a protracted trade war. Yet 48 hours after the deal was struck, several big areas of contention remained unresolved and Mr. Trump appointed a veteran trade negotiator with deep skepticism toward China to lead the talks for the United States. Mr. Trump’s choice of Robert Lighthizer, the United States trade representative, to lead the negotiations is significant, given that the official statements from Saturday’s meeting included only vague commitments and that deep divisions remain, particularly over China’s treatment of American companies and push to obtain trade secrets and intellectual property.”

Alan Rappeport, “Trump’s China Truce Calms Markets, but He Chooses a Hard-Liner to Lead Talks,” The New York Times online, December 3, 2018