US, China tentatively agree on ending American trade deficit: White House

[Cancel 2018.2]

US, China tentatively agree on ending American trade deficit: White House

United States and China officials have agreed this weekend to take steps to reduce the U.S. trade deficit, the White House said Saturday.

The agreement between the world's two biggest economies was made this week in Washington by high-level negotiators from both countries, including Treasury Secretary Steven Mnuchin.

“There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China,” the White House said, in what it described as a joint statement with China.

https://www-foxnews-com.cdn.ampproje...ite-house.html

[archives]

US, China tentatively agree on ending American trade deficit: White House

United States and China officials have agreed this weekend to take steps to reduce the U.S. trade deficit, the White House said Saturday.

The agreement between the world's two biggest economies was made this week in Washington by high-level negotiators from both countries, including Treasury Secretary Steven Mnuchin.

“There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China,” the White House said, in what it described as a joint statement with China.

https://www-foxnews-com.cdn.ampproje...ite-house.html

While at the same time, "China Buys Record Amount of Russian Soy as It Shuns U.S. Growers"
https://www.bloomberg.com/news/artic...ns-u-s-growers

Given the past year and half, one grows a bit suspicious of anything the "White House said"

[Cancel 2018.2]

Seems like a good thing. Will liberals still claim he is crashing the economy and give Obama credit for this?

[Cancel 2018.2]

While at the same time, "China Buys Record Amount of Russian Soy as It Shuns U.S. Growers"
https://www.bloomberg.com/news/artic...ns-u-s-growers

Given the past year and half, one grows a bit suspicious of anything the "White House said"

That is because the agreement isn't in effect yet. They have a tentative agreement, thus it is very very likely to pull through. The fact that there is even a tentative agreement this quickly is because, China know Trump ain't no Obama and won't cave on the issue.

[Darth Omar]

Seems like a good thing. Will liberals still claim he is crashing the economy and give Obama credit for this?

Oh, they’ll come up with something lol.

But Stormy, orange turd blah blah blah.

[kudzu]

“There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China,” the White House said, in what it described as a joint statement with China.




The White House also said China would “significantly increase purchases” of U.S. goods and services to help America’s economic growth and to meet its own growing consumption needs, in an apparent effort to avoid an international trade war.

Among the primary focuses of the consensus: an agreement to expand trade in manufactured goods and services, increase U.S. agriculture and energy exports, and protect both countries’ intellectual property laws.

The White House also said next steps would include the U.S. sending a team to China to work out the details.

President Trump has since his 2016 presidential campaign vowed to improve international trade relationships, including the one with China that last year resulted in a $337 billion trade deficit with the country.

Trump on Friday called the deal "bad for our country” and said, “We're changing it around."

After the White House announcement, Senate Minority Leader Chuck Schumer suggested the agreement falls short on protecting America’s intellectual property.

“The key to a strong agreement is protecting our intellectual property here in America and stopping the Chinese from keeping out our best goods until we hand over our trade secrets,” said Schumer, D-N.Y. “The joint statement has nothing specific on those fronts.”

China recently appears to be sending signals about trying to avoid a trade war.

Beijing has dropped an anti-dumping investigation into imported U.S. sorghum, which it had accused the U.S. of unfairly subsidizing. It has also given approval for a U.S. private equity firm to buy Toshiba's memory chip business.

"China has come to trade," Larry Kudlow, the top White House economic adviser, told reporters. "They are meeting many of our demands. No deal yet, to be sure, and it's probably going to take a while -- it's a process."

[archives]

That is because the agreement isn't in effect yet. They have a tentative agreement, thus it is very very likely to pull through. The fact that there is even a tentative agreement this quickly is because, China know Trump ain't no Obama and won't cave on the issue.

There is no deal, nor details, basically all it is is an mutual agreement to talk about trade
https://www.cnbc.com/2018/05/18/us-c...istration.html

The manner the White House, Fox, and you framed this was if it was some major breakthrough, as I said, given the last year and half, view with suspicious

[kudzu]

That is because the agreement isn't in effect yet. They have a tentative agreement, thus it is very very likely to pull through. The fact that there is even a tentative agreement this quickly is because, China know Trump ain't no Obama and won't cave on the issue.

Trump announced this news to Fox, didn't he?

[archives]

Seems like a good thing. Will liberals still claim he is crashing the economy and give Obama credit for this?

No one said Trump was "crashing the economy," rather, that his only accomplishment with the economy is that he hasn't yet screwed up the upward trending economy he inherited from Obama, but he's still got time and tons of potential

[kudzu]

While at the same time, "China Buys Record Amount of Russian Soy as It Shuns U.S. Growers"
https://www.bloomberg.com/news/artic...ns-u-s-growers

Given the past year and half, one grows a bit suspicious of anything the "White House said"

This reminds me of one of Baron's call to the NYT.....

[Althea]

US, China tentatively agree on ending American trade deficit: White House

United States and China officials have agreed this weekend to take steps to reduce the U.S. trade deficit, the White House said Saturday.

The agreement between the world's two biggest economies was made this week in Washington by high-level negotiators from both countries, including Treasury Secretary Steven Mnuchin.

“There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China,” the White House said, in what it described as a joint statement with China.

https://www-foxnews-com.cdn.ampproje...ite-house.html

China cannot possibly consume as much as we do in America.

[dukkha]

The White House also said China would “significantly increase purchases” of U.S. goods and services to help America’s economic growth and to meet its own growing consumption needs, in an apparent effort to avoid an international trade war.

Among the primary focuses of the consensus: an agreement to expand trade in manufactured goods and services, increase U.S. agriculture and energy exports, and protect both countries’ intellectual property laws.

The White House also said next steps would include the U.S. sending a team to China to work out the details.

After the White House announcement, Senate Minority Leader Chuck Schumer suggested the agreement falls short on protecting America’s intellectual property.

“The key to a strong agreement is protecting our intellectual property here in America and stopping the Chinese from keeping out our best goods until we hand over our trade secrets,” said Schumer, D-N.Y. “The joint statement has nothing specific on those fronts.”

^ piss off Chuck..you wouln't even been talking about this were it not for Trump.
Can you see Hillary negotiating a better deal with China ? ROFL

China recently appears to be sending signals about trying to avoid a trade war.

all the Dems and Free Traders said a trade war was likely..they are wrong again

[Cancel 2018.2]

There is no deal, nor details, basically all it is is an mutual agreement to talk about trade
https://www.cnbc.com/2018/05/18/us-c...istration.html

The manner the White House, Fox, and you framed this was if it was some major breakthrough, as I said, given the last year and half, view with suspicious

It is a major breakthrough. Instead of escalating or containing the trade wars they have agreed to talk.

You're a serious partisan shill.

[Cancel 2018.2]

No one said Trump was "crashing the economy," rather, that his only accomplishment with the economy is that he hasn't yet screwed up the upward trending economy he inherited from Obama, but he's still got time and tons of potential

You haven't seen the several threads here saying Trump is crashing the economy?

You can't even give him credit for the economy. When it is good, Obama gets the credit, but if it's not doing good, you blame Trump. That isn't an honest argument.

[hvilleherb]

US, China tentatively agree on ending American trade deficit: White House

United States and China officials have agreed this weekend to take steps to reduce the U.S. trade deficit, the White House said Saturday.

The agreement between the world's two biggest economies was made this week in Washington by high-level negotiators from both countries, including Treasury Secretary Steven Mnuchin.

“There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China,” the White House said, in what it described as a joint statement with China.

https://www-foxnews-com.cdn.ampproje...ite-house.html

China isn't all bad. It was recently announced that China's Metallurgical Corp agreed to team with American investors in what's called the Lido City project. If Chinese businesses are willing to work with American companies, we should be willing to work with them.