Posted on 10/12/2019 10:32:07 AM PDT by 2ndDivisionVet
President Trump lauded the partial trade agreement he struck with China this week, calling it the “greatest and best” deal in a tweet Saturday morning.
As part of the deal -- which Trump and President Xi Jinping could sign as soon as next month -- China agreed to raise its agricultural purchases to between $40 billion and $50 billion from $8 billion to $16 billion and to make certain reforms on intellectual property and financial services. The U.S. will not raise tariffs on Oct. 15 from 25 percent to 30 percent.
It’s still unclear whether Trump plans to halt another round of tariffs that are set to take effect on Dec. 15.
“The deal I just made with China is, by far, the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our Country,” he wrote. “In fact, there is a question as to whether or not this much product can be produced? Our farmers will figure it out. Thank you China!”
(Excerpt) Read more at foxbusiness.com ...
Trump to the U.N. General assembly
“In 2001, China was admitted to the World Trade Organization. Our leaders then argued that this decision would compel China to liberalize its economy and strengthen protections to provide things that were unacceptable to us, and for private property and for the rule of law. Two decades later, this theory has been tested and proven completely wrong.
“Not only has China declined to adopt promised reforms, it has embraced an economic model dependent on massive market barriers, heavy state subsidies, currency manipulation, product dumping, forced technology transfers, and the theft of intellectual property and also trade secrets on a grand scale...
“For years, these abuses were tolerated, ignored, or even encouraged. Globalism exerted a religious pull over past leaders, causing them to ignore their own national interests.”
Sounds good! But let’s wait to count our chickens! :-)
No. I’m an economist with thirty years of international work.
So you are a Globalist I presume? Someone who believes that international trade benefits American consumers by providing cheap electronics But costs us when we export all the things that used to be relatively inexpensive and plentiful but because we shipped huge quantities overseas are now scarce and expensive compared to the past. Have I stated it accurately?
If I asked economists in the EU and China the "benefits" of a country finding itself on the deficit side of mercantilism, one sided free trade, virtually no import tariffs, a declining industrial base and huge trade deficits what would they tell me?
What the USA needs is to import more economists from the rest of the world because ours are mostly traitors.
Since some modern equipment costs more than a house ... not just any ol’ house but a McMansion type of house ... we’ll want to see the money first. But anything to encourage the farm economy would be good.
This, and North Korea promising to surrender even one stinking nuclear warhead out of their arsenal to us to custodian in Oak Ridge Laboratory, and 3 bucks, will buy you a cup of coffee. Winning!! :-)
“...low grade sweet potatoes...”
I want to know where I can find any HIGH grade sweet potatoes. I grew up on the farm so I know how to grow them but the last time (six or seven years ago) that I bought slips and grew sweet potatoes they turned out lousy. I used to be able to dig them and put them in a cardboard box, slide it under a bed, and have great sweet potatoes for months, now they go bad in two weeks if they are any good to start with.
“Now is time to move on Ethanol !”
Using Ethanol for fuel is insanity.
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