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Remember the trade war
RaceBannon
Member, Swaye's Wigwam Posts: 101,328
in Tug Tavern
https://foxbusiness.com/markets/us-china-sign-historic-trade-deal
We won so no big deal
President Trump signed a landmark trade agreement with China, heralding a period of detente in a trade war between the world's two largest economies fueled by decades of complaints that Beijing was manipulating its currency and stealing trade secrets from American firms.
The pact, detailed in a 94-page document, is only the initial phase of a broader deal that Trump has said may come in as many as three sections.
"Together, we are righting the wrongs of the past," Trump said in a pomp-filled signing ceremony. "It doesn't get any bigger than this."
The agreement will help grow the U.S. economy in 2020 and 2021 by “at least a half a point of additional GDP” and “probably translate into another million jobs on top of what we’ve already done,” Larry Kudlow, director of the National Economic Council, told FOX News' "America's Newsroom" on Wednesday.
We won so no big deal
President Trump signed a landmark trade agreement with China, heralding a period of detente in a trade war between the world's two largest economies fueled by decades of complaints that Beijing was manipulating its currency and stealing trade secrets from American firms.
The pact, detailed in a 94-page document, is only the initial phase of a broader deal that Trump has said may come in as many as three sections.
"Together, we are righting the wrongs of the past," Trump said in a pomp-filled signing ceremony. "It doesn't get any bigger than this."
The agreement will help grow the U.S. economy in 2020 and 2021 by “at least a half a point of additional GDP” and “probably translate into another million jobs on top of what we’ve already done,” Larry Kudlow, director of the National Economic Council, told FOX News' "America's Newsroom" on Wednesday.
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El Monte hardest hit
Is Henry Kissinger still alive?!?
https://www.theguardian.com/business/2020/jan/15/us-china-trade-deal-donald-trump
This first phase “hardly addresses in any substantive way the fundamental sources of trade and economic tensions between the two sides, which will continue to fester,” said Eswar Prasad, a Cornell economist and and former head of the International Monetary Fund’s China division.
Mary Lovely, professor of economics at Syracuse University, described the deal as a “trade truce with large state-directed purchases attached”. Even so, she wrote, “the truce is good news for the US and the world economy.”
Keep hope alive comrades
Pffft!!!!!
Schumer and the low lifes he dictates over are out in force trying to deny the incredible thing Trump has done for the American people. It makes you wonder why they were happy letting the country lose.
I'm sure they are hoping Trump is gone in 2020 and Biden can give them the green light.
Also this, "Beijing also rejected a call to include a pledge not to hack US companies, arguing such a promise was not part of a trade deal." which effectively means that they'll continue tech transfer as a large portion of their GDP.
Best case scenario, this floats the economy past the world headwinds of 2020, helps Trump get re-elected, and he can double down on decoupling in the second term.
It really comes down to the fact that the economy and political system the CCP has built can't stand an actual free market.
But still a good start
It's also defied a lot of experts who said it would be a disaster for the US. There's no doubt that a lot of the perception and power has shifted to the US side of the table. It's the only reason that explains why the CCP would gift Trump a victory like this at all, they themselves are desperate.
You can ask a friend if you need to
I guess I was right again. #TiredOfAllTheWinning
It's what your good at
This is a win.
For those rooting for America
Like a Dawg.