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Xi To Skip Davos, Collapsing Hopes Of Phase One Deal Signing Event With Trump

Xi To Skip Davos, Collapsing Hopes Of Phase One Deal Signing Event With Trump

Chinese President Xi Jinping

If it was The Wall Street Journal or other US financial media outlets, for the last several weeks, pumping headlines via “people familiar with the discussions,” about how President Trump and Chinese President Xi Jinping could have a phase one trade deal signing event at the World Economic Forum in Davos, Switzerland, in January.

It turns out, after all the optimism of a potential signing event at Davos between Trump and Xi — it was just all bogus hype — as it now appears Xi is skipping the event, according to Bloomberg.

Beijing will still send its top trade negotiator Vice Premier Liu He to sign the phase one trade deal in Washington in January.

It seems that China isn’t interested in grandstanding the trade deal, unlike Trump.

Trump is looking for any political win as the election year is fast approaching.

A signing ceremony with Xi at Davos would give Trump handshaking pictures with Xi that would be plastered around the world and in the domestic press with the illusion that the best deal in the world was signed — really, it was a watered-down deal, with no end in sight in the trade war as the US still has tariffs on hundreds of billions of dollars of Chinese imports.

 

Full story here
Tyler Durden
ZeroHedges' Tyler Durden is the hero of Fight Club, the 1999 movie based on Chuck Palahniuk's novel that reflected Chuck's experience in the Cacophony Society Quote: "Goddamn it, an entire generation pumping gas, waiting tables, slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don’t need. We’re the middle children of history, man. No purpose or place. We have no Great War. No Great Depression. Our Great War’s a spiritual war… our Great Depression is our lives. We’ve all been raised on television to believe that one day we’d all be millionaires, and movie gods, and rock stars. But we won’t. And we’re slowly learning that fact. And we’re very, very pissed off." --> see more about Tyler on snbchf
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