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1. The following are excerpts from a news report dated September 6, 2019, by David Lawder and Roberta Rampton, under the headline "U.S.-China trade conflict could take years to resolve: Kudlow".|
WASHINGTON (Reuters) - White House economic adviser Larry Kudlow said on Friday the United States wants “near term” results from U.S.-China trade talks in September and October but cautioned that the trade conflict could take years to resolve.
Speaking to reporters outside the White House, Kudlow said that although the United States and China have been negotiating on trade and intellectual property issues for 18 months, that was a short period of time in terms of what was at stake and negotiations could go on much longer.
“A deal of this size and scope and central global importance, I don’t think 18 months is a very long time,” Kudlow said.
“The stakes are so high, we have to get it right, and if that takes a decade, so be it,” Kudlow added, drawing parallels to U.S. Cold War competition against the Soviet Union.
But in confirming talks between high-level U.S. and Chinese officials in early October, Kudlow declined to predict outcomes or a specific timeline for reaching any agreements....
He also said that it was important that Chinese reforms be reflected in changes to its laws and that any deal must have enforcement provisions to ensure that China lives up to its commitments.
He said on Fox Business Network that the September and October talks would cover all of the core issues in the dispute.
“Everything will be on the table. You can rest assured, for example, the absolute key structural issues - the IP theft, the forced transfer of technology, the cyber space, the clouds, financial services, all of that will be on the table - agriculture purchases, industrial purchases, energy purchases, getting tariff and non-tariff barriers down,” Kudlow said.
While there were no precondition talks, Kudlow told Bloomberg TV that the Trump administration wants “to see results in the near term.”
“When we don’t see results, we take additional actions,” Kudlow said. “On the other hand, if we do see results from these upcoming meetings, then progress will be made.”..... (End excerpts)
2. The "Psycho" analogy can be used to sum up the 18 months of so-called trade talks:
Whenever the victim was brought to the interrogation table, the interrogation always ended with the Psycho shouting angrily, "Why are you so stubborn?!" After 18 months of interrogation, the victim yielded to the Psycho's demand for “near term” results by signing an agreement to transfer a few million dollars into the Psycho's bank accounts.
After signing the agreement, the victim asked: "What is your commitment or concession? Can I keep all my teeth intact or you just extract only one tooth?"
The Psycho laughed: "Yes, as a concession I shall delay cutting off your nose and ears."
As the victim was dragged to the dental chair, a large group of psychos could be heard shouting outside the doorway of the torture chamber: "Gouge out his eyes! Cut off his tongue! Flay him alive! Harvest his organs! Bleed him to death!"
P.S. Meanwhile, Kudlow is keeping everyone guessing what he meant by “near term” results.