Posted on 05/21/2018 3:02:42 PM PDT by SeekAndFind
It was easy to miss the U.S.-China trade statement that the White House released Saturday, right in the midst of royal wedding mania. But it's hard to hide that China looks as if it's winning President Trump's trade skirmish — so far.
The statement said that, after several days of talks, the Chinese agreed to “substantially” reduce the United States' $375 billion trade deficit with China and that the details would be worked out later. It was noticeably vague.
Notice China didn't agree to a specific amount. On Friday, Trump's top economic adviser, Larry Kudlow, was telling reporters that the Chinese had agreed to reduce the deficit by “at least” $200 billion. China quickly denied that, and, a day later, the official statement didn't have a concrete number, a seeming victory for the Chinese.
What about the IP fight? The real battle against the Chinese was supposed to be over intellectual property theft, which the Trump administration says has been going on for years and costs the U.S. economy $225 billion to $600 billion a year. Trump was supposed to get the Chinese to stop stealing U.S. business secrets and technology. On this front, the statement was brief and lackluster, saying that both sides agreed to “strengthen cooperation” (diplomatic speak for not doing much) and that China would “advance relevant amendments” to its patent law. It remains to be seen whether that happens (and whether China enforces any new laws).
Reaction to the announcement was mostly negative, even among people who are usually Trump allies. Dan DiMicco, a former steel CEO who has been a big supporter of Trump's steel and aluminum tariffs, tweeted shortly after the statement came out, “Not good enough. Time to take the gloves off.”
(Excerpt) Read more at washingtonpost.com ...
And who was winning before?
Stupid media.
ha ha ha ha ha ha
There goes the comPost again, pretending it is "journalism".
So a tweet is considered official until the comPost wants to ignore it and pretend it never happened....
Got it.
I will sing in the streets when that rag is shuttered.
And biased. After just a few sentences, it's obvious which side this "journalist" is on.
And it ain't the American side.
Note:Jun 16, 2017 Washington Post. “We’re very excited to announce that Heather Long, a reporter and editor at CNN ... At CNN, Heather writes about economics daily and regularly appears on ....” WaPo=CNN = Incest
The stock market is up 300 points today because of the good trade news that Trump is negotiating with China. IT Also appears like a win for the farmers is in the making.
Fake news.
EXACTLY!
The MSM always sees a dark cloud for every silver lining.
Didn’t see results after the statement so WP says failure (a problem no one even mentioned before Trump I should add). Let’s wait and see shall we. If he does nothing else by talking about it Trump has done more than any President I know of on this issue (I expect he’ll be doing some great things on this issue)
Would the WaPo say anything else? The predictable and endless Trump bashing is getting boring.
Head of the resistance.
Just like GWB and his father and Reagan before him. The media hates.. it just hates.
So I guess that Obama and his Commerce team were beating the pants off China in the trade war and getting all kinds of concessions and then stupid Trump came in and reversed all of Obama’s tough policies?
I guess the beginning of making a few dents in the deal is considered losing to the WaaaPo and those giving up the advantages are the winners - when it’s Trump fixing some of the dents....
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