A high-level US negotiating team will arrive in Beijing later this week to talk about trade and technology wars. These discussions are not really about trade. America has been running trade deficits for forty straight years, long before China even became a major trading nation. As many experts have noted, America’s trade deficits are driven largely by its low savings rates and this has little to do with China. The team’s reported request for China to cut its bilateral deficit with the US by $100bn is illogical conceptually and in its practicality.
本週晚些時候，一個美國高級談判團隊將抵達北京，討論美中貿易戰與技術戰。這次討論的醉翁之意不在貿易。美國已保持了40年貿易逆差，這一狀況遠遠早於中國成爲一個貿易大國。正如許多專家所指出的那樣，美國的貿易赤字主要是由其低儲蓄率造成的，而這基本與中國沒有關係。據報道，該團隊會要求中國將雙邊赤字削減1000億美元，這在概念上不合邏輯，也不現實。
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