China just bought themselves a delay of 12+ months.
We will not know for 12 months if China is fulfilling their commitment.
China routinely lies and ignores commitments. This “partial” deal was brilliant Chinese gambit to wait and see if Biden or some other democrat wins in 2020.
Finally the promise to buy US agricultural products is dwarfed by the size trade deficits. And it does nothing to fix the MAIN PROBLEM of loss of manufacturing jobs which are middle class jobs.
The deal is a win....You’re twisting things to fit your nonsensical narrative. You’d make a good Democrat.
Trump will make them regret his reelection if that’s what they’re waiting for. 12 months of delay will not pay dividends. Like the Fram commercial: pay me now or..
This was a Loss!!! The worst part is Trump is proving he is just a run of the mill Republican. Kowtowing to big ag, subsidized tractor monkeys and worst of all the Chinese. The big loser is American industry and the forgotten American blue collar worker.
I have to strongly disagree with each of your statements, and only the first involves any opinion.
1) China isn’t waiting 12 months for additional hogs and soybean. We’ll see increased sales right away.
2) Data shows our trade deficit with China is down by almost a third this year. Not opinion, fact. This new deal will make that even better.
3) Manufacturing is better than it has been in decades. I’m guessing you were confused by the recent ISM report which lowered their SENTIMENT (read that as “guess”) of future growth. They think manufacturing will grow less fast...not shrink. Another fact.
China routinely lies and ignores commitments. This “partial” deal was brilliant Chinese gambit to wait and see if Biden or some other democrat wins in 2020.
Finally the promise to buy US agricultural products is dwarfed by the size trade deficits. And it does nothing to fix the MAIN PROBLEM of loss of manufacturing jobs which are middle class jobs.
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IMHO, you are spot on. It’s the Chinese modus operandi. They’ll also cheat like hell while they’re at it.
Please explain what part of any trade deal would address our loss of mfg jobs?
Trump has seen, in this freeze on tariffs, the only thing China has”won” is a delay on tariffs being increased.
Manufacturing has and continues to move OUT of China because of tariffs. It is not moving back here and won’t as long as it costs more overall to mfg here.
Money goes where money grows and it always will.