Posted on 08/26/2019 6:32:11 PM PDT by E. Pluribus Unum
China and the United States traded punches last week in the ongoing trade dispute, after China announced tariff increases on $75 billion of U.S. agricultural and other goods. The Trump administration responded by ending a delay in the imposition of U.S. tariffs on $300 billion of Chinese goods and by tacking on a five percent increase in overall tariffs to boot.
But President Trump landed a haymaker on Sunday at the previously scheduled G-7 meeting when he announced that the Japanese would replace China’s broken corn purchase promise with $7 billion of agricultural product purchases. The bilateral deal will also allow the U.S. increased access to Japan’s markets for other agricultural goods and some industrial items, and the U.S. will lower tariffs on an array of Japanese produced industrial items, excluding auto parts.
While the Japan agreement falls short of a comprehensive “free trade agreement,” the pact signals that major strides are being made toward a bilateral treaty with the Japanese that deals with currency manipulation and fits the specific needs of both nations, replacing the disastrous eleven nation one-size fits all Trans-Pacific Partnership of which Japan is a signatory.
(Excerpt) Read more at breitbart.com ...
What we are watch our President do is both awe inspiring and infuriating.
Inspiring for obvious reasons, and infuriating that it is being done so easily.
Prior Presidents Obama, Bush, Clinton, were just a bunch of hokum
Prior Presidents Obama, Bush, Clinton, were just a bunch of hokum <<<
is “hokum” another word for “politicians” ??
I’ve been saying for more than 20 years that, we were going to have to put a stop to the trade imbalance and the theft of IP, especially by the Chinese.
Problem is that, we never had any president or congress with the balls to get the job done...
until President Trump!!!
MAGA
and
MOWGA (Make Our World Great Again)
Anyone knowledgeable of what the Japanese are going to to do with the corn. I can understand soybeans, and rice, but what would they do with the corn, make sake or corn whisky???
Thank you for educating me, learn something new everyday.
Bas-e-ball, hota-dogu and now koln!
Japan once wanted to be a US state.
Yup. I’ve watched several one hour interviews with Steve Bannon who really lays it on the table what we’re up against with the Chinese. The guy knows his business on this topic. It’s scary what we’ve turned a blind eye to re the Chinese.
Communists have NEVER been our friend.
Or...”Trump isolates he rest of the world by making
deal with China??
He can and would write it either way.
But little Britain doesn’t want to isolate China. It needs to make a good deal with China for Brexit. That is why Britons don’t have the guts to bark at Beijing for HK unrest.
Trump Isolates China by Making Deals with the Rest of the World
Another brilliant move by our President that the Chinese and the other never-Trump, Bush league, globalist smart asses never thought of.
The Japanese word for baseball is “basiboru”. And they’re absolutely rabid fans.
CC
It’s mostly feed corn. Although the Japanese have developed a taste for sweet corn.
CC
Screw China. They’re communist scum
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