Bye Bye Trade War? China Plans $1 Trillion Buying Spree to Reduce US Trade Deficit

ccn.com ^ | 1-18-19 | Sam Bourgi

[dynoman]

China Proposes Six-Year Buying Spree

Citing sources familiar with the matter, Bloomberg reported Friday that China has offered to significantly boost its purchase of U.S. goods over a six-year period in an effort to re-balance trade between the two superpowers. By increasing its annual imports from the United States, Beijing would reduce its trade surplus to zero by 2024. That would require a spending boost of more than $1 trillion.

[dynoman]

Great news!!

[dfwgator]

What are they going to get in return?

[Magnum44]

Yes, good news. Trust, but verify.

[dynoman]

Dow jumps 1.5% amid report that China open to extending $1 trillion-a-year olive branch on trade

https://www.marketwatch.com/story/dow-stretches-out-intraday-gains-amid-report-that-china-open-to-extending-1-trillion-a-year-olive-branch-on-trade-2019-01-18

[cowboyusa]

But muh buzz feed.

[no-to-illegals]

China announces screw you democrats. Make America Great Again !!!!

[dynoman]

The tariffs dropped.

[Pearls Before Swine]

China announces screw you democrats. Make America Great Again !!!!

Maybe Xi and Trump really do have a good relationship. And, maybe Xi has decided it's better to work with Trump, who may be difficult from his point of view, but understandable, than the insane, thrashing, pro-Muslim, pro-LGBT, pro-instability Democrats, who are not only nuts, but dangerously unpredictable.

[dfwgator]

I hope that’s all.

[Dr. Sivana]

Well, at best they will partially comply until Trump is weakened or out of office. Have to look at the terms ... they may be back-loaded like an NFL free agent deal (where the player gets cut before the big pay-out).

[dfwgator]

Is Taiwan the “player to be named later”?

[Leaning Right]

> China has offered to significantly boost its purchase of U.S. goods over a six-year period in an effort to re-balance trade <

Now that’s funny right there. Because it’s an empty promise. My prediction: China will be boosting US purchases only while the heat is on. After things settle down, it’ll be back to business as usual.

[bigbob]

(BLINK)

[no-to-illegals]

No doubt

[PGR88]

Promise to reduce the deficit, and then hope Trump goes away in 2020.

Sounds like a good plan for China.

[GOPJ]

OMG! Great news.

[BipolarBob]

I think they will buy key assets. Perhaps oil and gas companies, large tracts of land and food companies and farms.

[TomGuy]

Dems and Deep State are deeply saddened.

:)

[Behind the Blue Wall]

Fine, but the IP theft and forced technology transfers are IMHO probably worse than the trade imbalance. I’d like to see what’s being done on those fronts.

[Centurion2000]

If that's how they want to resolve the issue. I'm good with it.