Crucially, China refused to roll back its national security policies that restrict key exports such as rare earth elements and advanced technology components unless the U.S. reciprocated by lifting its own economic sanctions and export controls on Chinese companies.
Michael Hudson and Richard D. Wolff emphasize that any substantive agreement would require mutual concessions that are politically unfeasible for the U.S. because Trump is surrounded by hardline advisers opposed to easing restrictions on China.
Watch Richard D. Wolff and Michael Hudson on The Greanville Post
