American and Chinese officials
announced on September 15 that they had
reached a “framework agreement” on the future of TikTok. On September 25, Trump signed an
executive order approving the framework agreement for the TikTok deal, although Chinese communications on it have been much more vague. And whatever happens with TikTok, there are many other tensions that remain unresolved:“U.S. farmers are missing out on billions of dollars of soybean sales to China halfway through their prime marketing season, as stalled trade talks halt exports and rival South American suppliers step in to fill the gap,”
according to Reuters.
The Cyberspace Administration of China (CAC) has once again
told Chinese companies not to buy Nvidia chips. China’s export restrictions on rare earth minerals
remain in force. Tariffs of 145 percent are set to
take effect in November.
What is the state of play now? Is the Trump administration achieving its stated trade goals with China? Which country has the upper hand in negotiations?
