We know he is a liar.
Unless the US is bluffing, it is highly unlikely for China to make the type of market, fiscal, and monetary adjustments requested. That would involve a change of their entire model which has been constructed over decades. China may try to delay and negotiate with next admin.
CHINA: Trade war is over. Reached agreement that we will buy their oil/gas & agricultural produces (shhh...we needed them anyway). No mentions of IP theft or unfair trade practices. USA: China will buy our soya beans and gas. Will address IP theft & unfair trade...ya, will.
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