Pfft!
This sounds like a one-time deal that doesn’t amount to 1/5 of the annual trade deficit.
We need to put the tariffs in. Rebuild American industries and use the tariffs to cut taxes further and to reduce the budget deficit.
i say hold out for $7,000,000,050 dollars-
[soybeans, corn, natural gas, crude oil, coal]
Too little. Too late.
I think we will take the Tariff $ and work on competing in the free market. The optimal word being FREE. That means that they open their markets WIDE OPEN, or we close ours completely to them.
They can go back to riding bicycles and starving their children.
Here’s the thing....they are overflowing with cash. You can look at the construction boom, the projects going on in Africa which are sponsored by the Chinese government, and the continual trend of Chinese millionaires moving cash out of reach of the government.
I think they are worried because this is a hyped up....turbo-blasting job machine in China, and the Trump tariff business would destroy the aggressive nature of their economy. They can’t afford to have a stalled situation or 15-percent unemployment.
But the question is....what exactly would they buy in products for $70 billion? Trump could go and arrange for a massive business boom for several companies in red states.
China has 6% of the arable land the US has. They have no oil. They have no natural gas. They have nothing. We should have a 500bln$ surplus with them. Machines have been able to make shitty clothes for 80 years.
Our leaders have been assholes.
Democrats will probably demand they buy 100 million copys of Hillary’s next book.
Let them finance a large percentage of the infrastructure that’s needed in towns from coast to coast. Buildings, roads, sewer systems, bridges, harbors. All the things we tend to take for granted until they begin to fall apart.
Let the Governors decide how to spend this China Money.
There must be rules so that this money cannot be diverted into political causes or personal campaigns. When that happens (misappropriation of public funds), there should be clear, swift and severe punishment, something America is not always very good at these days. Sometimes ya gotta call a Spade a Spade!
This sounds like a good step forward
It’s already better than any other deal we have had with China and Trump will probably want more.
They’re sabotaging our defense, too. Enormous energy resources are needed in world wars.
The biggest issue is that US companies manufacture in China.
I have a Chinese concierge. He finds me whatever I am looking for. I have found most products in the US are made in China. He finds the manufacturer and gives me an off-brand price. It is often 35:1 or more in cost.
Sure, China should buy more of our stuff, but we’ve got to stop allowing American companies to manufacture in China.
P.S. To keep American companies from manufacturing in China we need to reclassify them as foreign product distributors and treat them as such. That’s all they are anymore: Importers.
To get around import laws these companies bag and label products and call it “final assembly” and then label products as “Made in America”.
Make it a national dividend, every legal citizen of the US gets say off hand $1000 per year. Or more.
Ummm, this should be a NO deal.......this addresses the continued theft of intellectual property how?!
Why can’t the gooks just lower their import tariffs? Why all the shenanigans? Just do it you red bastards.