Relations between the United States and China will continue to deteriorate over the years

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "shares Closed Tuesday afternoon after reports that the US would not remove tariffs on China until after the 2020 presidential election. An expert is pessimistic that relations between the two countries will soon improve. “Data-reactid =” 15 “> Shares closed Tuesday afternoon after it was reported that the United States would not take tariffs on China until after the presidential election in 2020. An expert is pessimistic that relations between the two countries will soon improve.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "" This relationship will continue over time deteriorate over the years, ”said Leland Miller, CEO of China Beige Book at Yahoo Finance The ticker, “This is a competition that will continue for years and decades.” “Data-reactid =” 16 “>” This relationship will continue to deteriorate over the years, “said Leland Miller, CEO of China Beige Book on Yahoo Finance ticker:” This is a competition that takes place years and decades later becomes.”

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This competition includes the race for global 5G dominance as the USA puts allies under pressure to drop the Chinese telecommunications giant Huawei from its networks. Miller said the Trump administration is also preparing to increase export controls for China this year. “Data-reactid =” 17 “> This contest includes the race for global 5G dominance as the US puts pressure on its allies to dismiss Chinese telecommunications giant Huawei, Miller said Trump’s government is equipping itself for this to tighten export controls for China this year.

United States President Donald Trump and China's President Xi Jinping pose for a photo prior to their bilateral meeting during the G20 leaders' summit in Osaka, Japan, on June 29, 2019. REUTERS / Kevin Lamarque

United States President Donald Trump and China’s President Xi Jinping pose for a photo prior to their bilateral meeting during the G20 leaders’ summit in Osaka, Japan, on June 29, 2019. REUTERS / Kevin Lamarque

“I think the idea that people would expect something in the next few months was unrealistic,” said Miller.

Despite the upcoming struggle between the two nations, Miller said this year that both sides “have a reason to stick to their best behavior” and that it should be a good year for the markets.

<p class = "Screen Atom Screen Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "A joint statement by Treasury Secretary Steven Mnuchin and the United States Sales representative Robert Lighthizer released Tuesday confirmed that “there is no agreement on future tariff reductions“And there are” no other verbal or written agreements between the United States and China on this matter. “Data-reactid =” 31 “> A joint statement by Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, released on Tuesday, confirmed that” There is no agreement on future tariff cuts and there are no other verbal or written agreements between the United States and China on these matters.

<p class = "Canvas-Atom Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The details of the deal will be released on Wednesday when Chinese Vice Premier Liu Er is expected to be in the White House to sign phase one trade agreements with commitments and commitments to drive the purchase of goods and services in the United States over two years. “data-reactid =” 32 “> The details of the deal will be released Wednesday when Chinese Vice Premier Liu He is expected at the White House signs the” Phase 1 “trade agreement with commitments and commitments to purchase goods and services in the United States over a two-year period.

Despite the optimism about developments in China, Miller suggested that the agreement would be difficult to enforce.

“All the talk about enforcement mechanisms has always been a bit controversial – there is no real way to get the Chinese to do any of it,” Miller said.

“But what you can do is put very big whips and very big carrots, and that’s exactly what they did,” he added.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Grete Suarez is a producer at Yahoo Finance for YFi PM and The Ticker. Follow her on Twitter: @GreteSuarez“data-reactid =” 36 “>Grete Suarez is a producer at Yahoo Finance for YFi PM and The Ticker. Follow her on Twitter: @GreteSuarez

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