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Remember the trade war

RaceBannon
RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,755 Founders Club
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.

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Comments

  • HHusky
    HHusky Member Posts: 24,422
    The Administration declares victory. Very convincing.
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  • Dugdawg
    Dugdawg Member Posts: 308
    I understand it's the biggest deal anyone has ever seen.
    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.”
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  • Gwad
    Gwad Member Posts: 2,855
    I heard Larry Kudlow predicted the financial crisis in 2009. Good guy.
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  • creepycoug
    creepycoug Member Posts: 24,326
    Dugdawg said:

    I understand it's the biggest deal anyone has ever seen.
    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.”

    Your source is a Syracuse economist?

    Pffft!!!!!
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  • Bendintheriver
    Bendintheriver Member Posts: 7,207 Standard Supporter
    HHusky said:

    The Administration declares victory. Very convincing.

    HH and his leadership elites are poo pooing the deal. Trump just did an amazing thing. HH and his leaders all wanted to stand pat where we were when we were 500 Billion in deficit and the Chinese were stealing trillions more in IP. 8 years of BO and they did nothing. Then they bitched like whiny little wimps when Trump made his move. Now the fucking hypocrites are bitching about the deal which is clearly a great deal for the country.

    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.
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  • HHusky
    HHusky Member Posts: 24,422
    Bendintheriver said:

    HHusky said:

    The Administration declares victory. Very convincing.

    HH and his leadership elites are poo pooing the deal. Trump just did an amazing thing. HH and his leaders all wanted to stand pat where we were when we were 500 Billion in deficit and the Chinese were stealing trillions more in IP. 8 years of BO and they did nothing. Then they bitched like whiny little wimps when Trump made his move. Now the fucking hypocrites are bitching about the deal which is clearly a great deal for the country.

    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 thrilled that it’s “a great deal for the country”. Could you share the details please? Everyone else seems to be in the dark about them.
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