Trade WAR??!!

Ocean Breeze

Hall of Fame Member
Jun 5, 2005
18,346
44
48

Trump announces partial trade deal with China, lifting hopes that tensions could ease


President Trump described the deal as "substantial" but said key details still need to be ironed out. His announcement came during an Oval Office meeting with China��s vice premier, Liu He.

source: WAPO
 

Twin_Moose

Hall of Fame Member
Apr 17, 2017
14,207
966
113
Twin Moose Creek
Xi Jinping Vows Commitment to Global Trading Order as U.S. Deal Nears

(Bloomberg) -- President Xi Jinping reiterated China’s commitment to economic openness and the global trading order, as officials close in on the first phase of a deal to end the trade war with the U.S.
“China will give greater importance to imports. We will continue to lower tariffs and institutional transaction costs,” he said in a keynote speech at the start of a trade expo Tuesday morning in Shanghai. “We must all put the common good of humanity first rather than place one’s own interests above the common interests of all.”
Xi’s comments are consistent with China’s efforts to position itself as a champion of the global multi-lateral trading order at a time when the U.S. is backing away from institutions like the World Trade Organization. Xi also said that China would “open its doors only wider” to the world, a stance that helps to counter allegations of protectionism from the Trump administration.
The government has placed greater emphasis on imports as a way to meet the needs of domestic consumers, which China is relying upon to push economic growth away from investment and exports. At the same time, the import push helps buttress the argument that China is seeking to reduce its trade surplus, especially with the U.S.
In 2018, Xi said that China’s goods imports were estimated to total over $30 trillion in the following 15 years, implying a slight addition to current annual totals. In fact, imports have contracted on an annual basis almost every month this year, 5% lower in dollar terms at the end of September than the same period in 2018.
China Reviews Xi’s Options to Visit U.S. to Sign Trade Deal
Xi urged deeper economic integration and said China was willing to sign high-standard free trade agreements with more countries. “We need to tear down walls, not erect walls. We need to stand firm against protectionism and unilateralism. We need to continually bring down trade barriers, optimize global supply chains and jointly foster market development,” Xi said. “Integration of the economy is the order of the day.”
Economic Showcase
The speech came as Xi and U.S. President Donald Trump work to assemble a “Phase One” trade agreement that will leave many of their thorniest problems to future negotiations. U.S. officials including Commerce Secretary Wilbur Ross have expressed optimism about the pact, which might include increased Chinese purchases of U.S. agricultural products, keeping its currency stable and further opening its financial market.
Ross Meets With Chinese Premier Li as Progress Seen on Trade
The China International Import Expo -- now in its second year -- is designed to showcase the country’s desire to shift its economy toward consumption by buying more foreign goods. While some 63 countries are participating in the event, including French President Emmanuel Macron, the U.S. and most other Western nations are either sending lower-level delegations or none at all.
Although the first CIIE yielded hundreds of deals and agreements, especially in the energy sector, few have come to fruition, according to a report released Monday by the European Union Chamber of Commerce in China. Half of the expo’s surveyed participants managed to make deals last year, and many saw “no follow-through” as their partners failed to fulfill obligations, the report said.
“We expect this year’s event to be supplemented by concrete measures to facilitate further market opening and increase foreign investment, not by empty promises that we have heard many times before,” said Carlo D’Andrea, vice president of the European Chamber.
On Again, Off Again
Xi’s speech was somewhat softer in tone that his address to the first CIIE a year ago, where he took some veiled swipes at Trump’s “America First” polices, denouncing “law of the jungle” and “beggar-thy-neighbor” trade practices. Since then, the two leaders have held a series of on-again, off-again trade talks interrupted by tariff salvos.
China Warns Risks Increasing After Biggest Annual Party Meeting
He didn’t specifically mention the U.S. or Trump, but argued against pursuing unilateral interests -- the core of Trump’s philosophy in international forums.
The trade war has increased pressure on the Chinese economy just as it was cooling from decades of unprecedented growth. China’s list of economic headaches also include factory-price deflation, a fragile financial system and spiraling food costs in the wake of a catastrophic disease epidemic among the nation’s pig herd.
Last week, Xi told a gathering of the Communist Party’s Central Committee that “the severity of risks and challenges we face is unprecedented,” according to the official Xinhua News Agency.
Chinese state media reiterated the country’s need for the removal of punitive tariffs to be included in any deal.
As China’s Economy Slows, Why the World Should Care: QuickTake
“For China, removing all the additional tariffs is a core concern that has not changed and will never change,” said Taoran Notes, a blog affiliated with the state-run Economic Daily. “Even if there is a first-phase deal, this core concern should be reflected.”

Even Bloomberg couldn't really turn the article into a Trump bash piece
 

Danbones

Hall of Fame Member
Sep 23, 2015
22,499
740
113
Yes, so don't eat any TB, we need those items back.
;)
With the price of cereal after all the recent GLOBAL freeze outs we can't afford to have trudie borrow even more Millions just to buy truckloads of lucky charms.
 
Last edited:

Danbones

Hall of Fame Member
Sep 23, 2015
22,499
740
113

Trump announces partial trade deal with China, lifting hopes that tensions could ease

President Trump described the deal as "substantial" but said key details still need to be ironed out. His announcement came during an Oval Office meeting with China��s vice premier, Liu He.
source: WAPO
Say didn't bezos epstien fly on the plane too?

Jeff Bezos, Elon Musk, Sergey Brin, and Marissa Mayer reportedly attended an elite private dinner with Jeffrey Epstein just 2 years after he served a prison sentence for soliciting sex from a 14-year-old girl
https://www.businessinsider.com/jeffrey-epstein-dinner-bezos-elon-musk-bill-gates-report-2011-2019-9

Jeffrey Epstein’s alleged madam Ghislaine Maxwell was a guest at a Jeff Bezos-hosted retreat in 2018, report says
https://www.cnbc.com/2019/11/01/jef...ne-maxwell-was-guest-at-jeff-bezos-event.html

Of course like Yorgie, you are going to get all your trumphate from GLOBAL fascist and commie pedoes.
 

spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
0
36
Xi Jinping Vows Commitment to Global Trading Order as U.S. Deal Nears



Even Bloomberg couldn't really turn the article into a Trump bash piece






In the latest news - only 29 percent of Cdns regard Red China in a positive light!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Which may explain why Red China has decided to drop the ban on Cdn Pork!!!!!!!!!!!!!!!!!!!!!!!!!!!



Or perhaps the Pork that arrive in Red China containing banned food additives was revealed to be......................


NOT from Canada at all - in spite of the forged veterinary certificates!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Should we ask if the same Red Chinese food companies that killed hundreds of children in the melamine milk scandal................


sought to slip THEIR CONTAMINATED MEAT into a Cdn shipment?????????????????????


Or should we assume the Trump trade war with Red China is slowly succeeding............................


and that Red China is now trying to mend fences with some people they have PISSED OFF!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



Of course two Cdns remain jailed by Chinese Soviet Commissars!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



And Our idiot Boy continues to allow Chinese Soviet spy gear from Huawei to be installed in Canada!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 

NZDoug

Council Member
Jul 18, 2017
1,839
26
48
Big Bay, Awhitu, New Zeala

Ocean Breeze

Hall of Fame Member
Jun 5, 2005
18,346
44
48
MAGA!
Making more friends everywhere! NOT!!! (Borat voice)
at the rate he is going...he could end up with a "cold" war with everyone on the planet. But he does not care. Greedy America first.......Everything is a "transaction"........ with some extortion built into it.
 

Serryah

House Member
Dec 3, 2008
4,128
103
63
New Brunswick
Considering now China is looking at seriously bytch slapping the US for their 'support' of Hong Kong... things look to get uglier.


So much for MAGA
 

spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
0
36

White House says it is considering tariffs of up to 100 percent on $2.4 billion in French imports


The tariffs would come in response to a French tax that affects American Internet companies. President Trump had warned the French not to proceed with the tax and had vowed to retaliate.

https://www.washingtonpost.com/us-p...conomy--alert-politics--alert-national&wpmk=1


Who needs a hot war?/.....




Its a FUNNY THING....................................


that several years ago some economists predicted THAT CURRENCY MANIPULATION............................


would become AN IDEAL TOOL to improve trade - for SOME NATIONS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


A number of years back - that former Yankee grand poohbah John Kerry told us.............................


that the Red Chinese were "MASTER CURRENCY MANIPULATORS"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


THERE HAS BEEN NO EVIDENCE produced to suggest Kerry was mistaken!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Trump is simply DOING HIS JOB - of putting YANKEES first!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


There is NO LAW that says Yankees must be the sucker nation of the world!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



And how much sympathy should we have for Brazil.............................


after the dog fight they started some years back with Bombardier..............................


claiming Bombardier was cheating on govt subsidies.................................


and thus winning contracts in competition ..........................................



and beating out Brazilian company Embraer- that was working WITH ITS OWN GOVT SUBSIDIES!!!!!!!!!!!!!!!!!!!!!!!!!!


Trump is NOT A SAINT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



But LIE-berals who want to claim he is The Devil.............................


ARE FULL OF SH+T!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 

Ocean Breeze

Hall of Fame Member
Jun 5, 2005
18,346
44
48

White House, Chinese negotiators reach trade deal in principle that would dramatically scale back import tariffs


As part of the partial trade pact, the White House would not impose tariffs on $160 billion in Chinese imports on Sunday, people briefed on the talks said. And China agreed to major purchases of U.S. farm products, improved intellectual property safeguards and financial services market openings. White House officials are still waiting for President Trump to formally sign off on the deal.

source: WAPO
 

Ocean Breeze

Hall of Fame Member
Jun 5, 2005
18,346
44
48

China confirms trade deal with the U.S., averting new tariffs ahead of Sunday deadline


A day after President Trump approved terms for a limited trade deal, China and the United States have reached agreement on the text of a "phase one" trade deal, China's Commerce Ministry said.

source: WAPO
 

Twin_Moose

Hall of Fame Member
Apr 17, 2017
14,207
966
113
Twin Moose Creek
Considering now China is looking at seriously bytch slapping the US for their 'support' of Hong Kong... things look to get uglier.
So much for MAGA

White House, Chinese negotiators reach trade deal in principle that would dramatically scale back import tariffs

As part of the partial trade pact, the White House would not impose tariffs on $160 billion in Chinese imports on Sunday, people briefed on the talks said. And China agreed to major purchases of U.S. farm products, improved intellectual property safeguards and financial services market openings. White House officials are still waiting for President Trump to formally sign off on the deal.
source: WAPO

China confirms trade deal with the U.S., averting new tariffs ahead of Sunday deadline

A day after President Trump approved terms for a limited trade deal, China and the United States have reached agreement on the text of a "phase one" trade deal, China's Commerce Ministry said.
source: WAPO


Pretty impressive Bytch slap Serryah China caved
 

Hoid

Hall of Fame Member
Oct 15, 2017
20,408
1
36
Us agrees to phase out Chinese tariffs.

Sounds like President Pee Pee Tape folds as usual