Posted on 01/16/2020 2:57:29 AM PST by John W
Wall Street futures edged further into record high territory Thursday, while global stocks returned to all-time highs, as investors reacted to details of the U.S.-China trade agreement and bullish signals for the tech sector following stronger-than-expected earnings from the world's biggest contract chipmaker.
The so-called phase one trade agreement, signed yesterday at the While House by President Donald Trump and China vice premier Liu He, commits Beijing to an extra $200 billion in purchases of American-made goods over the next two years in exchange for a rollback in some tariffs put in place by Washington over the past eighteen months.
China will also pledge to "enhance" intellectual property protections - a key U.S. demand -- and crack down on the practice of forced technology transfers for U.S. firms doing business in the world's second-largest economy.
Trump said the deal "rights the wrongs of the past" while delivering "economic justice" between the two countries.
"Our efforts have yielded a transformative deal that will bring benefits to both countries,'' Trump said during a ceremony at the White House. He added: "Keeping these two giant and powerful nations together in harmony is so important for the world"
(Excerpt) Read more at apple.news ...
“Our efforts have yielded a transformative deal that will bring benefits to both countries,’’ Trump said during a ceremony at the White House. He added: “Keeping these two giant and powerful nations together in harmony is so important for the world”
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great job by POTUS & negotiation steam
IMPEACH!
Trump’s fault.
What’s this? President Trump wins again as the Chinese cave!!!!
I bet liberals heads are exploding!!
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