That clinches it! He just won re-election! That's a lot of pigs, wheat and soybeans.
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To: 2ndDivisionVet
Finally! Let other countries subsidize our farmers instead of American taxpayers. Oh. Wait. No word on whether or not we’ll continue to subsidize farmers. I guess that means we will.
2 posted on
10/12/2019 10:35:56 AM PDT by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
To: 2ndDivisionVet
3 posted on
10/12/2019 10:37:57 AM PDT by
granada
To: 2ndDivisionVet
Notice how they toss in the mention of making certain reforms on intellectual property and financial services, as if that’s a small side issue.
That in and of itself was worth fixing in it’s own rights.
I don’t know if they’re just talking about movie knock-offs, or if business intellectual rights were also included. If both, that’s a significant fix. Of course China has already lifted almost every discovery we’ve made in the last 100 years anyway.
4 posted on
10/12/2019 10:38:14 AM PDT by
DoughtyOne
(This space for rent.)
To: 2ndDivisionVet
Good money to be made in selling low grade sweet potatoes to the chicom dog food companies also.
5 posted on
10/12/2019 10:39:56 AM PDT by
Rebelbase
To: 2ndDivisionVet
China is in a famine. They have a swine flu that is killing off they main staple, pork. If Xi cant feed the people will riot and fell his government.
6 posted on
10/12/2019 10:40:11 AM PDT by
Kozy
(new age haruspex; "Everyone has a plan 'till they get punched in the mouth.")
To: 2ndDivisionVet
A win-win for Huawei and soybeans
7 posted on
10/12/2019 10:40:58 AM PDT by
granada
To: 2ndDivisionVet
Some reason Im very Leary of any deal made by the Chicoms especially if I were a farmer or Rancher.
To take a gamble too purchase heavy combines and other farming equipment is risky when your partner can kill that contract at any time.
Be careful farmers before you take that bet.
8 posted on
10/12/2019 10:43:31 AM PDT by
puppypusher
( The world is going to the dogs.)
To: 2ndDivisionVet
The chances of the Chinese ever buying what they promise are very slim. Meanwhile the one-way tariffs and IP theft continue apace.
To: 2ndDivisionVet
Lots of dragon-dancing with a very hungry panda.
President Trump, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Mnuchin gathered with their Chinese counterparts in the Oval Office for a lengthy announcement of “phase-one” of a U.S-China trade agreement. Vice-Premier Liu He leads the Chinese delegation. [No point sheet on USTR website yet] According to the presser:
Phase One has reached ‘agreement in principle‘, and includes: Intellectual Property issues; Banking and Financial Services to include currency devaluation; and major agricultural purchases ($50 billion +). There will be several phases, and each phase will have an individually tailored enforcement mechanism. [Note: this approach sounds similar to the ‘six sectors and stages’ USTR Lighthizer discussed in March 2019.]
The Phase One agreement details still have to be put on paper over the next five to six weeks. The U.S. and China are hopeful to have ‘phase one‘ complete by December. In exchange for current AG purchase commitments, and as an act of good faith while phase-one is finalized, the U.S. will suspend the tariff rate increases scheduled to take effect on October 15th. The tariff increase from 25% to 30% has been ‘suspended‘.
The scheduled U.S. tariff increases for December are still planned; however, they will be assessed as part of the ongoing negotiations. Meanwhile, touchy issues like tech company Hauwei, 5G, telecom and the Chinese firms on the U.S. blocked “entity list” (ie. trade ‘blacklist’) are not part of the discussions. Those issues fall under U.S. National Security and will not be part of any ongoing trade negotiations.
[Video Below]
Overall I wouldn’t read too much more into this than appears on the surface.
China needs to buy food. There are a limited number of export markets that can generate the scale of agricultural imports that China demands. A hungry Chinese people only make the issues in/around Hong Kong worse. Pandas can become very aggressive when hungry…. China needs to buy food.
President Trump wants to sell food to help the U.S. farmers; mostly operating under BIG AG multinational contracts (ie. contract farming). The scale of Chinese purchases is too significant to overlook…. So Trump trades the suspension of a 5% tariff to gain $50 billion in farm purchases. That’s most of the visible picture on this deal.
That said…. as USTR Lighthizer has previously stated, the issues of consequence are going to be in the enforcement mechanisms. An agreement on IP and Banking/Financial Services is great, but the part that matters is the enforcement mechanism. I wouldn’t put too much faith in Phase-1 being successful until we see some indication that China will acquiesce to U.S. enforcement provisions.
If you say: “China will never comply with U.S. enforcement”… well, I wouldn’t disagree; nor would USTR Lighthizer… he’s admitted as such. So is a deal really possible? Too soon to know, and too few details.
Panda gets food. Farmers get sales. That’s the only known takeaway so far.
All other pro -vs- con analysis (predictions and projections) are for domestic audiences, politics and stock market consumption. I still think an actual deal is unlikely.
Right now we’ve got happy pandas and happy farmers…. everything else is TBD.
(LINK)
11 posted on
10/12/2019 10:50:44 AM PDT by
Bratch
(IF YOU HAVE SELFISH IGNORANT CITIZENS, YOU ARE GOING TO HAVE SELFISH IGNORANT LEADERS-George Carlin)
To: 2ndDivisionVet
But what has been done to curb intellectual property theft by the Chinese?
To: 2ndDivisionVet
"there is a question as to whether or not this much product can be produced?
Can't help wondering if that will drive up the cost of groceries.
To: 2ndDivisionVet
We all knew China has a hell of a problem and DJT knew it too.
15 posted on
10/12/2019 11:14:33 AM PDT by
ImJustAnotherOkie
(All I know is The I read in the papers.)
To: 2ndDivisionVet
This is folly.
The US should not be trading with China.
16 posted on
10/12/2019 11:14:47 AM PDT by
Mariner
(War Criminal #18)
To: 2ndDivisionVet
And now lets take the corn out of fuel, and sell it to China
19 posted on
10/12/2019 11:18:13 AM PDT by
FatherofFive
(Islam is EVIL and needs to be eradicated)
To: 2ndDivisionVet
Oh, no! What about having a recession?! Crash, stock market! Please crash! Inflation? Yoohoo! Inflation? Interest rates?
22 posted on
10/12/2019 11:21:36 AM PDT by
Eleutheria5
(If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.)
To: 2ndDivisionVet
30 posted on
10/12/2019 11:48:38 AM PDT by
CDB
(As Lincoln said: "A house divided against itself cannot stand")
To: 2ndDivisionVet
MAGA
BMLABT (Buy More Land And Bigger Tractors) LOL.
34 posted on
10/12/2019 12:11:05 PM PDT by
Alberta's Child
("Knowledge makes a man unfit to be a slave." -- Frederick Douglass)
To: 2ndDivisionVet
It sounds like the sort of deal China loves - create some headlines for American politicians buying a big amount of jets or soybeans, but keep the long-term, top-down, mercantilist, IP thieving, strategic practices they always have.
36 posted on
10/12/2019 12:17:35 PM PDT by
PGR88
To: All
PRESIDENT TRUMP wins again!
43 posted on
10/12/2019 1:10:09 PM PDT by
Retvet
(Retvet)
To: 2ndDivisionVet
So what will this do to prices for the American consumer?
48 posted on
10/12/2019 1:46:00 PM PDT by
voicereason
(The RNC is like the "one-night stand" you wish you could forget.)
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