It's looking like a US-China trade deal is near — and Beijing will get everything it wanted (Iraq, Taliban)
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What were you going to do wait for China to bring up their unfair trade practices.
Trump is the only one to take on China's trade advantage.
No other politician had the guts to do it.
Most likely outcome is China will agree to do a lot of things then not do any of them. That's their MO and history. What ever agreement is reached is meaningless if not enforced. This story won't end when the agreement is reached.
Actually, the TPP was specifically a setup where we could make a lot of the Pacific Rim turn OUR way instead of Chinas. That's over now.
That's the type of big move which actually could change things. But instead we are using Bigly Words.
Trump - or anyone else for that matter - could walk up to a mic and spout out in 2 minutes what is wrong with the USA-China relationship. He gets no credit for that.
Only numbers matter. The Trade Deficit with China is as large or larger than before. The stock market is lower than a year ago. Boom times have turned into what is now being called a stagnating economy (for as long as the next decade).
Only those without money and not involved in trade could be fooled into thinking those are good things.
It would have been better for our POTUS to stop beating his chest and go to XI and say "we need to lower our trade deficit with China by 8% a year for at least the next 6 years...how do you suggest we do it?".
Xi and the professionals that run the Chinese economy could have come up with MUCH better answers and policies. But the Sane Stable Genius thinks he knows more than anyone.
Since the Shanghai Stock Market index is down 50% from it's June, 2015 high, I don't think a case can be made for China winning much. Fact is, they're hurting. They have not seen levels this low since 2014.
When an agreement is reached everyone will benefit.
The problem is, Democrats are not used to having a President who will represent the US.
Actually, the TPP was specifically a setup where we could make a lot of the Pacific Rim turn OUR way instead of Chinas. That's over now.
That's the type of big move which actually could change things. But instead we are using Bigly Words.
Trump - or anyone else for that matter - could walk up to a mic and spout out in 2 minutes what is wrong with the USA-China relationship. He gets no credit for that.
Only numbers matter. The Trade Deficit with China is as large or larger than before. The stock market is lower than a year ago. Boom times have turned into what is now being called a stagnating economy (for as long as the next decade).
Only those without money and not involved in trade could be fooled into thinking those are good things.
It would have been better for our POTUS to stop beating his chest and go to XI and say "we need to lower our trade deficit with China by 8% a year for at least the next 6 years...how do you suggest we do it?".
Xi and the professionals that run the Chinese economy could have come up with MUCH better answers and policies. But the Sane Stable Genius thinks he knows more than anyone.
Where did you get that information ? Chairman Mao's weekly reader ?
Since the Shanghai Stock Market index is down 50% from it's June, 2015 high, I don't think a case can be made for China winning much. Fact is, they're hurting. They have not seen levels this low since 2014.
When an agreement is reached everyone will benefit.
The problem is, Democrats are not used to having a President who will represent the US.
LOL. The Shanghai stock market is worth about 5.5 Trillion. The US? 34 Trillion. Their stock market isn't nearly as big of a part of their economy is it is here. Their government could literally just buyout the stock market without too much issue. We can't do the same. Their growth is still almost twice ours.
Are they hurting? Sure. But not like we are. And unlike our government theirs truly can make markets take pain.
Open your eyes and comprehend what you read instead of what you want to read.
Its your link.
In a tweet on Thursday night, Trump said the U.S. would only join the TPP if the deal were "substantially better."
In January, Trump told CNBC he would join TPP again if he could make a "substantially better deal." He argued the agreement as previously crafted was "terrible."
I recall that when Addison McConnell (who goes by the folksy name "Mitch") was pushing the senate to ratify the TPP, in the same breath he also mentioned "TAA." That stands for "trade adjustment assistance." Whenever the clowns in the US congress pass a new "free trade" treaty, they always include a "TAA" provision. This consists of cash payments over several years plus "reeducation" assistance for those who will loose their jobs as a result of the treaty. And many will loose high paying industrial jobs, which are exported to low wage and low benefit countries so the fat cats can bring more to the "bottom line.".
The TPP was designed to accelerate the transformation of the USA into an "advanced service economy," in accordance with the plans of globalists.
Last Wednesday, the Global Times, a Communist Party-run newspaper, published an article saying that the U.S. started trade frictions but now seems willing to make a deal.
For China, the deal will be based on the discussion late last year between Trump and Chinese President Xi Jinping at the G-20 summit in Argentina.
Xi has probably agreed to a gradual decline of China's huge trade surpluses with the U.S., but there is no way that China's core leader would have agreed to U.S.-imposed structural reforms and American enforcement mechanisms that would serve as triggers for trade tariffs at Washington's discretion.
Beijing correctly believes that Trump, gearing up for a re-election run, will jump on such a deal, partly because Wall Street would love it — even though that would perpetuate an unforgivable, decades-old neglect of nearly one-third of the U.S. economy (the sum of exports and imports as a share of American GDP).
The bottom line: The deal appears to be done. China will continue to run large trade surpluses with the U.S., and it will never accept Washington-imposed reforms of its trade and industry.
Thanks for posting. It’s always interesting to see the Anti-American Leftists support Communism/Socialism and Dictators against the USA. Well done.
He may finally get to break ground on that Trump Hotel in Shanghai he'e been working on since 2008.
In 2012, the Trump Hotel Collection opened an office in Shanghai with 10 employees, its first in Asia.
“The Trump development team has identified Greater China as our top priority among high-potential emerging markets,” Todd G. Wynne-Parry, a senior vice president of global hotel development and acquisitions, said in a news release the following year, while Chief Operating Officer Jim Petrus said the group aimed to open 30 hotels by 2020. https://www.washingtonpost.com/world...=.1621dfd1d0cb
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