Posted on 10/11/2019 6:00:23 PM PDT by E. Pluribus Unum
President Trump announced today a “phase one” trade agreement with China. Part of the deal includes a dramatic increase in agricultural products to be sold to China, ramping up from around $16 billion worth per year at its highest historic mark to $40-$50 billion per year moving forward. Current levels are estimated at around $8 billion. While announcing it, the President said farmers should immediately “buy more land and get bigger tractors.”
The deal is expected to be written and signed in three to five weeks. It was negotiated on China’s behalf by Chinese Vice Premier Liu He.
Both economies have suffered through the trade war that started last year between the two biggest economies in the world. But pressure seems to have hit China harder as they are generally the exporter while America is more of an importer. The President’s goal of balancing out trade between the two countries prompted back-and-forth tariffs. This deal stops upcoming tariffs, at least temporarily.
Also included are intellectual property and financial services, two sticking points between the countries since long before President Trump took office.
Opinion
I’m hopeful, but I don’t trust China one bit. This stalls upcoming tariffs, but until it’s signed it’s still just a theory. Nevertheless, it’s a positive sign and a step in the right direction towards bringing back free trade as our national economic mantra.
(Excerpt) Read more at noqreport.com ...
A country boy’s favorite subject...Tractor porn!
Fossil fuels feed the world.
And employ Bidens.
Take a look at Bigtractorpower’s posts on YouTube.
I’d settle for a new RK 55 with a fel, backhoe, and a grapple.
Get more debt?
Forgettaboutit!
Well this should irk liberals-socialists....This is about 180 degrees opposed as to what we were used to hear from that closet (mm)uslim, marxist who kept telling us that the best days of the US were behind us and we better get used to it. And liberals were just the right party for managing an orderly decline. Socialism has a knack for destroying everything it touches, initially it may look great and sound good but in the long run it always will fail, history is full of examples.
You can always pay cash. No more debt./sarc
That is a garden tractor by todays standards. A four wheel drive track machine from John Deere can run $600,000.00
From Farm Family: I’d say all of us are in for Trump, but the trade war is hurting farmers. I hope this actually passes muster. My only complaint with Trump is that China may be securing alternative sources for their agricultural needs, and American farms may be out permanently. I do see a lot of bitching about farms, family farms, etc on here, and that’s ok, yes we are subsidized somewhat. We farmers are a great resource in the event of war/global disaster, whatnot, everyone has to eat, and the US leads in agricultural production.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.