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Thread: No new tariffs: Trump wins trade war with China

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    Default No new tariffs: Trump wins trade war with China

    U.S. President Donald Trump was able to extract a number of concessions from Chinese President Xi Jinping in exchange for not imposing any new tariffs on Chinese goods.

    Trump reached a major agreement while meeting with the world’s top leaders over the weekend. At the G-20 summit in Buenos Aires, Argentina, Trump and Xi spoke for two and a half hours Saturday night — an hour longer than previously scheduled. The meeting, which Trump called “amazing and productive,” has temporarily staved off an escalating trade war between the world’s two biggest economies.

    Xi agreed to immediately begin buying more agricultural products from American farmers, along with a pledge to purchase more industrial and energy products. While the specifics of the trade agreements have not been announced, the White House says the deal will help correct the trade imbalance between China and the U.S. Xi has also agreed to a number of cybersecurity and property theft concessions

    Additionally, China has also agreed to label the opioid fentanyl as a controlled substance, making anyone who sells fentanyl to the U.S. subjected to harsher penalties under Chinese law. The labeling will help the federal government as it fights an historic death rate from opioid overdose.

    “This was an amazing and productive meeting with unlimited possibilities for both the United States and China. It is my great honor to be working with President Xi,” Trump said in a statement Thursday.

    In return, Trump has pledged to postpone a tariff increase on Chinese goods for at least 90 days. The U.S. previously intended to hike tariffs to 25 percent on $200 billion worth of Chinese goods beginning Jan. 1. Instead, U.S. officials will use the 90-day wait period to further negotiate with their Chinese counterparts.

    https://dailycaller.com/2018/12/02/t..._campaign=push

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    There are no dollar amount mentioned, no contracts, just conversation. Talk is cheap

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    Quote Originally Posted by Havana Moon View Post
    U.S. President Donald Trump was able to extract a number of concessions from Chinese President Xi Jinping in exchange for not imposing any new tariffs on Chinese goods.

    Trump reached a major agreement while meeting with the world’s top leaders over the weekend. At the G-20 summit in Buenos Aires, Argentina, Trump and Xi spoke for two and a half hours Saturday night — an hour longer than previously scheduled. The meeting, which Trump called “amazing and productive,” has temporarily staved off an escalating trade war between the world’s two biggest economies.

    Xi agreed to immediately begin buying more agricultural products from American farmers, along with a pledge to purchase more industrial and energy products. While the specifics of the trade agreements have not been announced, the White House says the deal will help correct the trade imbalance between China and the U.S. Xi has also agreed to a number of cybersecurity and property theft concessions

    Additionally, China has also agreed to label the opioid fentanyl as a controlled substance, making anyone who sells fentanyl to the U.S. subjected to harsher penalties under Chinese law. The labeling will help the federal government as it fights an historic death rate from opioid overdose.

    “This was an amazing and productive meeting with unlimited possibilities for both the United States and China. It is my great honor to be working with President Xi,” Trump said in a statement Thursday.

    In return, Trump has pledged to postpone a tariff increase on Chinese goods for at least 90 days. The U.S. previously intended to hike tariffs to 25 percent on $200 billion worth of Chinese goods beginning Jan. 1. Instead, U.S. officials will use the 90-day wait period to further negotiate with their Chinese counterparts.

    https://dailycaller.com/2018/12/02/t..._campaign=push
    How about the current tariffs which are costing us billions of dollars and farmers whose crops are rotting

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    agreeing to cancel a planned Jan. 1 tariff increase on Chinese products in return for purchases of what the White House called a “very substantial” amount of American farm, energy and industrial goods.

    Trump and Xi agreed to “immediately” begin talks on Chinese industrial policies, including coercive licensing of U.S. technology, trade secret theft and non-tariff trade barriers.

    The communique was in harmony with “many of the United States’ biggest objectives,” especially in backing reform of the World Trade Organization,

    Xi as saying he is “open to approving” Qualcomm’s $44 billion takeover of NXP Semiconductors, which the American company had abandoned in July after failing to secure Chinese regulatory approvals.

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    Quote Originally Posted by anatta View Post
    agreeing to cancel a planned Jan. 1 tariff increase on Chinese products in return for purchases of what the White House called a “very substantial” amount of American farm, energy and industrial goods.

    Trump and Xi agreed to “immediately” begin talks on Chinese industrial policies, including coercive licensing of U.S. technology, trade secret theft and non-tariff trade barriers.

    The communique was in harmony with “many of the United States’ biggest objectives,” especially in backing reform of the World Trade Organization,
    Have you seen any numbers, any quantities, any contracts. Right now it all talk, just like North Korea.

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    Quote Originally Posted by Havana Moon View Post
    U.S. President Donald Trump was able to extract a number of concessions from Chinese President Xi Jinping in exchange for not imposing any new tariffs on Chinese goods.

    Trump reached a major agreement while meeting with the world’s top leaders over the weekend. At the G-20 summit in Buenos Aires, Argentina, Trump and Xi spoke for two and a half hours Saturday night — an hour longer than previously scheduled. The meeting, which Trump called “amazing and productive,” has temporarily staved off an escalating trade war between the world’s two biggest economies.

    Xi agreed to immediately begin buying more agricultural products from American farmers, along with a pledge to purchase more industrial and energy products. While the specifics of the trade agreements have not been announced, the White House says the deal will help correct the trade imbalance between China and the U.S. Xi has also agreed to a number of cybersecurity and property theft concessions

    Additionally, China has also agreed to label the opioid fentanyl as a controlled substance, making anyone who sells fentanyl to the U.S. subjected to harsher penalties under Chinese law. The labeling will help the federal government as it fights an historic death rate from opioid overdose.

    “This was an amazing and productive meeting with unlimited possibilities for both the United States and China. It is my great honor to be working with President Xi,” Trump said in a statement Thursday.

    In return, Trump has pledged to postpone a tariff increase on Chinese goods for at least 90 days. The U.S. previously intended to hike tariffs to 25 percent on $200 billion worth of Chinese goods beginning Jan. 1. Instead, U.S. officials will use the 90-day wait period to further negotiate with their Chinese counterparts.

    https://dailycaller.com/2018/12/02/t..._campaign=push
    If this comes to fruition, the man just proved his worth as President.

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    Quote Originally Posted by floridafan View Post
    Have you seen any numbers, any quantities, any contracts. Right now it all talk, just like North Korea.
    They JUST had a dinner meeting with agreement in principle!

    These are big moves on regulation, IPR theft, coercive licensing, and yes contracts.
    Tariff's suspended as well. you couldn't ask for a better result from a quick meeting

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    Remember when North Korea promised to do away with their nuclear program? Trump declared victory then

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    Quote Originally Posted by floridafan View Post
    There are no dollar amount mentioned, no contracts, just conversation. Talk is cheap
    Not as cheap as you!

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    Quote Originally Posted by anatta View Post
    They JUST had a dinner meeting with agreement in principle!

    These are big moves on regulation, IPR theft, coercive licensing, and yes contracts.
    Tariff's suspended as well. you couldn't ask for a better result from a quick meeting
    Until you see specifics, dollar amounts, contracts, timing, its all conversation. If it wasn't we would have specifics. Think North Korea.

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    Quote Originally Posted by Havana Moon View Post
    Not as cheap as you!
    They have just agreed to keep talking, keep negotiating, nothing more until we see details.

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    Quote Originally Posted by Havana Moon View Post
    U.S. President Donald Trump was able to extract a number of concessions from Chinese President Xi Jinping in exchange for not imposing any new tariffs on Chinese goods.

    Trump reached a major agreement while meeting with the world’s top leaders over the weekend. At the G-20 summit in Buenos Aires, Argentina, Trump and Xi spoke for two and a half hours Saturday night — an hour longer than previously scheduled. The meeting, which Trump called “amazing and productive,” has temporarily staved off an escalating trade war between the world’s two biggest economies.

    Xi agreed to immediately begin buying more agricultural products from American farmers, along with a pledge to purchase more industrial and energy products. While the specifics of the trade agreements have not been announced, the White House says the deal will help correct the trade imbalance between China and the U.S. Xi has also agreed to a number of cybersecurity and property theft concessions

    Additionally, China has also agreed to label the opioid fentanyl as a controlled substance, making anyone who sells fentanyl to the U.S. subjected to harsher penalties under Chinese law. The labeling will help the federal government as it fights an historic death rate from opioid overdose.

    “This was an amazing and productive meeting with unlimited possibilities for both the United States and China. It is my great honor to be working with President Xi,” Trump said in a statement Thursday.

    In return, Trump has pledged to postpone a tariff increase on Chinese goods for at least 90 days. The U.S. previously intended to hike tariffs to 25 percent on $200 billion worth of Chinese goods beginning Jan. 1. Instead, U.S. officials will use the 90-day wait period to further negotiate with their Chinese counterparts.

    https://dailycaller.com/2018/12/02/t..._campaign=push

    LOL

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    Trump negotiated a 90-day truce, nothing more.

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    Quote Originally Posted by floridafan View Post
    They have just agreed to keep talking, keep negotiating, nothing more until we see details.
    Farther than most got you have to admit.

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