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Bye Bye Trade War? China Plans $1 Trillion Buying Spree to Reduce US Trade Deficit
ccn.com ^ | 1-18-19 | Sam Bourgi

Posted on 01/18/2019 1:56:00 PM PST by dynoman

China Proposes Six-Year Buying Spree

Citing sources familiar with the matter, Bloomberg reported Friday that China has offered to significantly boost its purchase of U.S. goods over a six-year period in an effort to re-balance trade between the two superpowers. By increasing its annual imports from the United States, Beijing would reduce its trade surplus to zero by 2024. That would require a spending boost of more than $1 trillion.

(Excerpt) Read more at ccn.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: boycotts; china; clickbait; pork; rice; sambourgi; sanctions; tariffs; trade; trump
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To: dfwgator

I hope that doesn’t mean buying equities.

Good news if it means buying US products.

However, we should leave the tariffs in place until the trade deficit drops to $0.

And this doesn’t address bringing industries back to the US.


21 posted on 01/18/2019 2:11:08 PM PST by DannyTN
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To: BipolarBob

> I think they will buy key assets. Perhaps oil and gas companies, large tracts of land and food companies and farms. <

You’re probably on to something there. China spends five billion dollars to buy an American company, and that counts as buying “US goods”.

Ugh! At least we can seize that company when China invades Taiwan.


22 posted on 01/18/2019 2:13:44 PM PST by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: dynoman

Winning?!!!


23 posted on 01/18/2019 2:13:47 PM PST by Don Corleone (Nothing makes the delusional more furious than truth.)
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To: BipolarBob

She’s got huge tracts of land


24 posted on 01/18/2019 2:15:14 PM PST by vmpolesov
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To: dynoman

Winning!!


25 posted on 01/18/2019 2:15:57 PM PST by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: DannyTN

” ... we should leave the tariffs in place until the trade deficit drops to $0.”

Why is a $0 trade deficit the magic number for you?

Should we have a $0 trade deficit with all countries, including those with which we have a current trade surplus?


26 posted on 01/18/2019 2:20:47 PM PST by riverdawg
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To: cowboyusa

So once again..WINNING MAGA..yet this wont be reported in the commie press since it makes Trump look good..now back to Buzzfeed’s BS


27 posted on 01/18/2019 2:21:10 PM PST by Sarah Barracuda
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To: dynoman

Six years coincidentally would wait out a two-term Trump Presidency - after which it would presumably be back to business as usual.


28 posted on 01/18/2019 2:21:39 PM PST by BeauBo
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To: Leaning Right

And if they do, the sanctions will go right back on. Do you really think you’re smarter than Trump and his trade advisors?


29 posted on 01/18/2019 2:22:41 PM PST by bigbob (Trust Trump. Trust the Plan.)
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To: Leaning Right

https://www.npr.org/sections/thetwo-way/2013/05/29/187029237/smithfield-foods-to-be-sold-to-chinese-firm-for-4-72-billion


30 posted on 01/18/2019 2:28:41 PM PST by BipolarBob (Occasional-Cortex " Just because I don't know what Armageddon means, it's not the end of the world".)
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To: riverdawg

There’s nothing magic about $0.

I actually want to leave the tariffs in place. Maybe even raise them. Tariffs were great for this country it’s first 180 years.

If you want to see what happens to a country with chronic high trade deficits, look at Greece. Sure eventually their trade deficits dropped. But it was because they had lost all their industries and everyone was unemployed and there was no money left to import stuff.


31 posted on 01/18/2019 2:28:48 PM PST by DannyTN
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To: riverdawg

There’s nothing magic about $0.

I actually want to leave the tariffs in place. Maybe even raise them. Tariffs were great for this country it’s first 180 years.

If you want to see what happens to a country with chronic high trade deficits, look at Greece. Sure eventually their trade deficits dropped. But it was because they had lost all their industries and everyone was unemployed and there was no money left to import stuff.


32 posted on 01/18/2019 2:28:48 PM PST by DannyTN
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To: dfwgator
What are they going to get in return?

The next Democrat president.

33 posted on 01/18/2019 2:29:24 PM PST by Jeff Chandler (Every time a lefty cries "racism", a Trump voter gets his wings.)
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To: DannyTN

China always plays the long game.

We here in the West only care about the next quarter’s financials.


34 posted on 01/18/2019 2:29:56 PM PST by dfwgator (Endut! Hoch Hech!)
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To: BipolarBob
The article says...

"China has offered to significantly boost its purchase of U.S. goods..."

35 posted on 01/18/2019 2:32:14 PM PST by skimbell
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To: dfwgator

True and that’s often a problem.

Though it’s also true that the long run is made up of consecutive short runs.

If Trump can deliver short term results on trade, it will pay dividents long term. Unless the nation goes back to the uniparty.


36 posted on 01/18/2019 2:32:15 PM PST by DannyTN
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To: dfwgator

True and that’s often a problem.

Though it’s also true that the long run is made up of consecutive short runs.

If Trump can deliver short term results on trade, it will pay dividents long term. Unless the nation goes back to the uniparty.


37 posted on 01/18/2019 2:32:16 PM PST by DannyTN
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To: dynoman

unfortunately the chinese plan to buy democratic politicians...

ugh.


38 posted on 01/18/2019 2:32:39 PM PST by teeman8r (Armageddon won't be pretty, but it's not like it's the end of the world.)
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To: skimbell

You don’t think they meant that literally, do you? The Chinese are inscrutable, dontcha know.


39 posted on 01/18/2019 2:37:04 PM PST by BipolarBob (Occasional-Cortex " Just because I don't know what Armageddon means, it's not the end of the world".)
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To: teeman8r
unfortunately the Chinese plan to buy democratic politicians...

And they can't wait to hear the offers.

40 posted on 01/18/2019 2:38:14 PM PST by BipolarBob (Occasional-Cortex " Just because I don't know what Armageddon means, it's not the end of the world".)
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