Posted on 12/30/2018 1:09:28 PM PST by E. Pluribus Unum
American and Chinese trade negotiators are working out details of a new agreement that could avert a wider trade war as the New Year approaches.
The Wall Street Journal reported that the deal could lead to a boost in U.S. exports to the Asian giant as well as a loosening of regulations that prevent or hamper U.S. firms from operating in China, people familiar with the negotiations said.
POTUS Donald Trump on Saturday tweeted that he and Chinese President Xi Jinping had made “great progress” in trade discussions, which are set to wrap up on March 1.
“Deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas, and points of dispute,” he tweeted.
The WSJ noted further, however, that other people familiar with the talks say that the president could be overstating the progress. They said that POTUS is looking to calm jittery markets which have been declining in recent weeks, many say due to the Federal Reserve’s rate hikes.
The paper noted further:
If no deal is reached, U.S. tariffs on $200 billion of Chinese goods are due to increase to 25% from 10% on March 2, potentially having a big impact on electronics, furniture, machinery and other U.S. industries that rely on Chinese imports. It could also deepen a slowdown in China’s economy, which would have broad consequences for global growth.
(Excerpt) Read more at thenationalsentinel.com ...
A slowdown in China’s economy, which would have broad consequences for global growth.
They can’t afford that to happen it will put a crimp on their war machine.
Ironically, financed primarily by American consumers.
the FR tariff crowd sure will be upset. I didn’t know they existed until relatively recently, but they sure are loud.
they will loudly dislike this very much.
So are you a member of the Chinese import crowd?
:)
nope. I’m generally an advocate of free trade, but I’m forced to admit the wisdom of trump’s trade policy, to wit; using punitive tariffs to eliminate unfair trading practices by most of our foreign trading partners — using tariffs to eliminate tariffs.
China has a big problem. There are several countries in South East Asia with cheap labor already trying to horn in on their export market. A tariff increase would mean a big shift to those other countries. The barrier to entry for many of the Chinese industries is very small indeed. That is how they took them from the U.S.
[The barrier to entry for many of the Chinese industries is very small indeed. That is how they took them from the U.S.]
Yes and in my opinion a LOT of American owners, rushed to sell out.
A lot.
Far, far too easily, in my humble opinion.
The thing is, EVERYONE for the entire last generation, including ownership, and even our own government (both political parties) have all been selling out America to China and other countries, for more than the entire last generation.
Both parties.
Everyone.
The price of off shore shopping items.
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