China announced a date to immediately resume trade talks, and as Apple pointed to China’s economic slowdown for its declining sales, the company inadvertently boosted President Donald Trump’s argument that America’s economic strength will allow it to hold out until Beijing is forced to give in on a trade deal.
The State Department has also issued a travel advisory to China following several Canadian citizens being detained and held there.
Apple’s woes prove Trump’s point
Apple made a shocking announcement that profits from the holiday quarter were worse than expected. The company blamed part of the loss on China’s economic slowdown, as well as, another part of their decline in sales on the US-China trade war.
Nonetheless, overall, the economic data for the US remain strong in comparison to China. And Apple’s cooperation regarding China’s declining economy, only bolsters Trump’s claim that the US will and is wearing China down.
One of Trump’s biggest arguments has long been that the trade war is taking a much larger toll on China than the United States. The president had said the US, with its strong economy, can wait out the economic pain longer than China, and force Beijing into making concessions. Now, China has announced it will meet with the US to resume negotiations.
Trump has forced China back to the negotiating table
China announced that to date has been set for a new round of talks with the United States aimed toward ending a trade war.
US deputy trade representative Jeffrey Gerrish is set to hold negotiations with Chinese officials on January 7-8 in Beijing, according to a statement on Friday by China’s Commerce Ministry.
State Department issues China travel advisory
The US State Department has issued a China travel advisory amid an escalation of the US-China trade war, and a recent wave of Chinese authorities detaining several Canadian citizens. The arrest of Canadians appears to be a retaliation for Canada’s arrest of one of Chinese phone maker Huawei’s high level executives, who is currently fighting extradition to the United States.
“Exercise increased caution … due to arbitrary enforcement of local laws as well as special restrictions on dual US-Chinese nationals,” the updated State Department travel advisory said.
China could hold people for years
The guidance by the State Department warned that authorities in China have used so-called “exit bands” as a means of keeping US citizens from leaving the country and sometimes holding them “for years.”
“US citizens may be detained without access to US consular services or information about their alleged crime,” the state department said. “US citizens may be subjected to prolonged interrogations and extended detention for reasons related to ‘state security.’
Security personnel may detain and/or deport US citizens for sending private electronic messages critical of the Chinese government.”