Never trust China. I would have raised tariffs to 50% and let China collapse.
Bank on it.
I suspect that this deal will keep the economy soaring for a while and then new economic ties with England will follow throughout the election season. Masterfully done, Mr. President. What he has, and is doing should be shouted from every housetop.
And as soon as this election is over, we need to identify a candidate for 2024 who can keep the ball rolling. All the historical models are now dead. The Trump era ended all those and a new economic world is now in place.
Good. Another win for Trump.
As soon as they refuse to honor the deal, no going to the WTO.
SLAP THE TARIFFS BACK on. THAT’S WHATS SO GOOD ABOUT THIS SYSTEM.We do not need t9o wait at all if the Chinese try to cheat, as they always do.
Meanwhile the intellectual theft continues apace.
Love Trump, but this looks like an epic FAIL.
Now the cheating begins.
They have agreed to many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more. The 25% Tariffs will remain as is, with 7 1/2% put on much of the remainder....
I’m going to put another check-mark in the WINNING column! :)
Trump is still winning, and Dems are still whining.
If you hit Excerpt when posting the article you should be able to post 300 words from sites on the Updated FR Excerpt and Link Only or Deny Posting List due to Copyright Complaints .
China and the U.S. agreed on the text of a phase one trade deal that includes the removal of tariffs on Chinese goods in stages, Vice Commerce Minister Wang Shouwen said, as President Donald Trump confirmed that some levies will be reduced and said the next round of talks will start immediately.
China will increase imports from the U.S. and other countries, Wang said at a briefing in Beijing Friday. Vice Chairman of the National Reform and Development Commission Ning Jizhe added that the specifics of agricultural purchases would be released later, as the text of the agreement is still under review.
Trump and his aides have promised that the partial deal the president first announced on Oct. 11 will be followed by others. That’s because while the initial accord may see China increase its agricultural purchases to as much as $50 billion annually and make commitments on currency and intellectual property enforcement, it includes nothing on more potent structural issues such as the vast web of subsidies that has fueled the global rise of many Chinese companies.
While Trump has insisted that as many as two further phases will follow, many analysts are skeptical much more progress can be made going into an election year in the U.S. That could allow the Chinese to run out the clock.
That Trump appears ready to offer tariff relief in return has agitated China hawks in Washington who fear that after daring to take on Beijing in a way no prior president has with his tariffs, Trump is giving up leverage that might extract future concessions.