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Trump to Sign Phase 1 of China Trade Deal (watch Live)
FOX ^

Posted on 01/15/2020 8:50:33 AM PST by nuconvert

Trump to Sign Phase 1 of China Trade Deal (watch Live)

(Excerpt) Read more at video.foxnews.com ...


TOPICS: Foreign Affairs; News/Current Events
KEYWORDS: braking; china; chinatradedeal; goodforchina; honestchinese; trump
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To: Reily

Commies will lose the House in November..people who are actually SANE dont like this garbage


41 posted on 01/15/2020 9:57:32 AM PST by Sarah Barracuda
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To: nuconvert

Let the Democrats have their little Circle Jerk of Impeachment.

Meanwhile, Trump is busy doing his job for the American People.


42 posted on 01/15/2020 9:58:23 AM PST by dfwgator (Endut! Hoch Hech!)
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To: Sarah Barracuda

Keep kicking their ass, Mr. President! Don’t stop, ever.


43 posted on 01/15/2020 9:58:50 AM PST by gathersnomoss (Welcome to North Mexico, Gringo's it...)
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To: TheConservativeParty

Trump is magnificent.
Bigly.


44 posted on 01/15/2020 10:02:12 AM PST by TheConservativeParty (God Bless President Trump)
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To: TheConservativeParty

Trump Landslide 2020


45 posted on 01/15/2020 10:06:48 AM PST by TheConservativeParty (MAGA KAG)
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To: gathersnomoss

So glad I watched this.


46 posted on 01/15/2020 10:09:54 AM PST by fatima (Free Hugs Today :))
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To: nuconvert

President Trump - FTW!

(Let’s see if the ChiComs live up to it.)


47 posted on 01/15/2020 10:19:48 AM PST by romanesq (8Chan and its child porn, violence and murders are kaput. So is the QAnon grift with it.)
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To: romanesq

Their economy was sinking in the toilet as several businesses and manufacturers where moving to other countries. They will stick, they have to buy these products anyways, they don’t make enough.

Why destroy your economy when you have to purchase these products anyway? It is a win-win for them too. The USA is an economic Juggernaut to be ignored at your own peril.


48 posted on 01/15/2020 10:26:54 AM PST by BushCountry (thinks he needs a gal whose name doesn't end in ".jpg"r)
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To: nuconvert

Thank you....Lord, God, Almighty and your blessed only son, Jesus Christ for sending, we, the American people, all, our Glorious, savior of America, POTUS, Donald J. Trump.

Father in Heaven...you have always favored and protected these great United States Nation Republic in both peace and war. George Washington, Abraham Lincoln, Ronald Reagan, Donald J. Trump were your gifts to the USA and her American people.

Satan, the master Devil, of evil, hate, destruction has tried to work his devastating, magic by sending us the
Bitch/Witch” Democrat, Traitor, Nancy Pelosi and her brood of America haters....but...she is no match for you God, the KING & RUler of the Universe...thank Heaven

From the time when I was a baby, receiving the holy communion of believers...until this very day...I have been your loyal servant of freedom, liberty, equality opportunity for all peoples on Gods, Earth!!! I shall remain so.....fighting the likes of of “Evil” Pelosi Low life workers for SATAN...Thank you Lord from a most humble and dedicated servant of the Lord!!! God bless our POTUS Trump on this most memorable day in the American history!!!


49 posted on 01/15/2020 10:31:32 AM PST by JLAGRAYFOX (Defeat both the Republican (e) & Democrat (e) political parties....Forev er!!!)
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To: nuconvert

50 posted on 01/15/2020 10:33:55 AM PST by COUNTrecount ("I've always won, and I'm going to continue to win. And that's the way it is." -- Donald Trump)
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To: COUNTrecount

any rundown about this trade deal, how does it benefit us


51 posted on 01/15/2020 10:39:01 AM PST by Sarah Barracuda
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To: BushCountry

Win-win deals are Trump’s specialty. Just think where the USA and the entire world could be without the Paul Ryans and Nancy Pelosis of our fed gov.


52 posted on 01/15/2020 11:01:04 AM PST by Freee-dame
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Comment #53 Removed by Moderator

To: Sarah Barracuda

https://www.freerepublic.com/focus/news/3808367/posts?page=18#18


54 posted on 01/15/2020 11:53:05 AM PST by nuconvert ( Warning: Accused of being a radical militarist. Approach with caution.)
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To: COUNTrecount
HERE IS THE FULL TEXT OF THE PHASE ONE TRADE DEAL WITH CHINA

HIGHLIGHTS:

Agriculture details:

As Bloomberg notes, China is committing to buying about $32 billion in additional U.S. farm products over the next two years, that's coming on top of levels seen in 2017 (pre-trade war). Specifically, China committed to importing at least $12.5 billion more agricultural goods this year than in 2017, rising to $19.5 billion next year. It's unclear just how this will happen without China's destroying existing supply chains. China will also “strive” to purchase an additional $5 billion a year in farm products.

Energy details:

Chinese Purchases

Intellectual Property

Tech Transfer

Currency, Competitive Devaluation And Enforcement Mechanism

The text contains agreements not to engage in competitive devaluation, to respect one another’s monetary policy and to maintain transparency. Much of that, though, could probably have been inferred from what the U.S. Treasury said the other day in the FX report that saw it remove the tag of currency manipulator from China.

The big questions revolve around the enforcement mechanism. The FX section says points of contention can be referred to a new dispute resolution arrangement that’s being established by the agreement, and if that doesn’t work, the IMF can be called in.

The dispute arrangement itself is outlined in chapter 7, where some of the key sections appear to be as follows:

Financial Services

Full deal text below (pdf link)

55 posted on 01/15/2020 11:57:23 AM PST by SeekAndFind (look at Michigan, it will)
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To: Sarah Barracuda

U.S. sources have told FOX Business the purchases will total $205 billion to $210 billion over two years while Chinese sources indicate the buys would be between $215 billion and $220 billion.

“There’s a very detailed dispute-resolution process,” Treasury Secretary Steven Mnuchin told FOX Business’ Lou Dobbs on Tuesday evening. “This is an enforceable agreement just as the president dictated it would be.”

The pact, which follows a trade war of nearly two years, is slated to be signed by U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He at the White House.

The purchase details are contained in a section of the agreement that officials have said won’t be made public.
Beijing will purchase up to $50 billion of crops, according to President Trump and Treasury Secretary Steven Mnuchin, $40 billion of which has been confirmed by Chinese sources. China has also agreed to buy $40 billion in services, $50 billion in energy and $75 billion to $80 billion worth of manufacturing, according to Chinese sources.

“This is a great win for American business and American farmers,” Mnuchin said.

Aside from the more than $200 billion of Chinese purchases, Beijing has agreed to stop the theft of intellectual property and refrain from manipulation of its currency. The U.S., in return, will reduce tariffs on some products made in China while keeping duties on $375 billion worth of Chinese goods.

The administration has held out the possibility of removing the duties under a later phase of the trade agreement, which Trump has said may require as many as three sections.


56 posted on 01/15/2020 12:03:10 PM PST by COUNTrecount ("I've always won, and I'm going to continue to win. And that's the way it is." -- Donald Trump)
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To: fatima

“Henry Kissinger is there.”

Really?

Bad, bad, bad thing. Bad sign.

Well, I think this is all to have agreements clearly delineated in writing so it will be clear when the ChiComs ignore and break the agreements.


57 posted on 01/15/2020 12:58:40 PM PST by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: nuconvert

This deal seems to put very minimal pressure on Chinese trade practices without not a lot of give from China on its purchases of US products. Is Trump constrained by a treasonous senate? I’m Canadian so far be it that I criticize American relationship with China, but learning that in 2004 that China stole US naval secrets, if I ran the country, I would have ended their privileged nation status right then and there. I guess that didn’t happen because too many hands, Republican and Democrat, are greased by China.

Funny enough Canadians are even less alarmed than Americans when it comes to China.


58 posted on 01/16/2020 3:19:51 PM PST by Sam Gamgee
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To: BushCountry

There are so many Chinese agents on social media. If you listen to their narrative, China is a roaring lion that will swallow the USA economically over the next 20 years.


59 posted on 01/16/2020 3:21:38 PM PST by Sam Gamgee
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To: SeekAndFind

Call me the glass half empty guy but the fact China uses prison child and slave labor is not addressed here. And for all their promises I don’t believe them for one second they will stop stealing intellectual property.


60 posted on 01/16/2020 3:23:24 PM PST by Sam Gamgee
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