Posted on 03/26/2018 6:47:15 AM PDT by RoosterRedux
Last week, China threatened a massive trade war after Donald Trump imposed $50 billion in tariffs on their exports. This week, Beijing’s top economic official has begun to do his best Monty Hall impersonation, according to the Wall Street Journal. After a notably mild first response, China has quietly begun to offer better access to its markets to the US:
China and the U.S. have quietly started negotiating to improve U.S. access to Chinese markets, after a week filled with harsh words from both sides over Washington’s threat to use tariffs to address trade imbalances, people with knowledge of the matter said.
The talks, which cover wide areas including financial services and manufacturing, are being led by Liu He, China’s economic czar in Beijing, and U.S. Treasury Secretary Steven Mnuchin and U.S. trade representative Robert Lighthizer in Washington.
In a letter Messrs. Mnuchin and Lighthizer sent to Mr. Liu late last week, the Trump administration set out specific requests that include a reduction of Chinese tariffs on U.S. automobiles, more Chinese purchases of U.S. semiconductors and greater access to China’s financial sector by American companies, the people said. Mr. Mnuchin is weighing a trip to Beijing to pursue the negotiations, one of these people said.
Rather than go big, the WSJ’s Lingling Wei and Bob Davis point out, China imposed only a nominal set of tariffs after Trump’s announcement. They only impacted $3 billion in imports, less than 10% of the scope of the US tariffs announced by Trump. Those moves signaled an openness to talks, at least in the short run, to resolve any outstanding issues.
(Excerpt) Read more at hotair.com ...
And Trump is Monty Hall. LOL
Amazing how that works, ain’t it ???
Just covered this on FBN’s Varney & Co. Doubt you’ll hear anything about it anywhere else.
After a notably mild first response, China has quietly begun to offer better access to its markets to the US:
China and the U.S. have quietly started negotiating to improve U.S. access to Chinese markets, after a week filled with harsh words from both sides over Washington’s threat to use tariffs to address trade imbalances, people with knowledge of the matter said.
The talks, which cover wide areas including financial services and manufacturing, are being led by Liu He, China’s economic czar in Beijing, and U.S. Treasury Secretary Steven Mnuchin and U.S. trade representative Robert Lighthizer in Washington.
I'd bet that at the Top of the List the President will have the chicoms getting the NORKs in line!
The truth of the matter is that China, many others, but especially China have taken advantage of weak WTO rules and enforcement mechanisms.
If we don’t fight back, then we simply surrender our economy to a strategic rival and soon to be enemy. The South China Sea is eventually going to blow up, and we will face a tough foe, enriched at our expense and able to both steal and buy the best technology available.
Trump is perhaps the only politician willing to take this on.
>>>> China playing Let’s Make a Deal after trade-war threats
There’s nobody I would trust more in making a deal to our advantage than Donald Trump.
WSJ slimey globalists worms. After decades of cheap labor globalist shills they now get to eat worm dirt. Fess up you big headed snakes—you were flat wrong about challenging our give the store away trade policy.
The Trumpster is crushing you maggots.
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