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Trump Announces US-China Trade Truce

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  • Trump Announces US-China Trade Truce


    U.S. & China back at the negotiating table

    ------------------------------------------------------------------------------------------------------------

    President Donald Trump and China's Xi Jinping agreed to a cease-fire Saturday in their nations' yearlong trade war, averting at least for now an escalation feared by financial markets, businesses and farmers.

    Trump said existing U.S. tariffs would remain in place against Chinese imports while negotiations continue, but that additional tariffs he's threatened to slap on billions worth of other Chinese goods will not be triggered for the "time being." He added that the U.S. and China would restart stalled trade talks, saying, "we're going to work with China where we left off."

    Trump spoke after a lengthy meeting with Xi on the margins of the Group of 20 summit in Osaka. The U.S. president pronounced relations with China "right back on track," but doubts persist about the two nations' willingness to compromise on a long-term solution.

    The apparent truce continues a pattern for talks between Trump and Xi, who have more than once professed their friendship and hit pause on protectionist measures, only to see negotiations later break down over contentious details.

    Eleven rounds of talks have so far failed to end the standoff. The United States has imposed 25% import taxes on $250 billion in Chinese products and is threatening to target another $300 billion a move that would extend the tariffs to virtually everything China ships to the United States. China has lashed back with tariffs on $110 billion in American goods, focusing on agricultural products in a direct and painful shot at Trump supporters in the U.S. farm belt.

    Saturday's meeting between the two leaders was the centerpiece of four days of diplomacy in Asia for Trump, whose re-election chances have been put at risk by the trade war that has hurt American farmers and battered global markets. Tensions rose after negotiations collapsed last month.

    Trump said the talks with Xi went "probably even better than expected."

    Seated across a lengthy table flanked by top aides, both leaders struck a cautiously optimistic tone after they posed for photographs.

    "We've had an excellent relationship," Trump told Xi as the meeting opened, "but we want to do something that will even it up with respect to trade."

    Xi, for his part, recounted the era of "ping-pong diplomacy" that helped jump-start U.S.-China relations two generations ago. Since then, he said, "one basic fact remains unchanged: China and the United States both benefit from cooperation and lose in confrontation."



    https://www.newsmax.com/politics/tru.../29/id/922601/


    ----------------------------------------


    Trump and Xi Agree to Resume Trade Talks

    The U.S. and China will resume trade talks following a meeting between President Donald Trump and Chinese dictator Xi Jinping.


    We had a very good meeting with President Xi of China, Trump said following an 80 minute meeting with Xi Saturday morning in Japan. Excellent, I would say excellent.


    ......................




    https://www.breitbart.com/economy/20...e-trade-talks/

  • #2
    The economic treason the scheme of globalism is destroying our middle class and drives suicide and opiate deaths. It weakens this nation making us dependent on commies who seek economic hegemony and power. It maxes out income disparity.

    Our corporations gave china our tech and ownership in the factories we moved their to get immoral too cheap wages driven by greed, regardless of what term they hide behind.

    Max profits is all that matters now being a god. Greed enriched empowered and made a communist state a danger to America.
    scheme
    China was given the store and dont want trump to change it. As the stupid and aglobalists wring their hands not realizing that this treason was not natural law but a choice and scheme in the interest of a ruling elite who owe no allegiance to any nation but only to max profits regardless of the destructive costs to America.

    ?


    • #3
      Originally posted by Captain Trips View Post
      U.S. & China back at the negotiating table

      ------------------------------------------------------------------------------------------------------------

      President Donald Trump and China's Xi Jinping agreed to a cease-fire Saturday in their nations' yearlong trade war, averting at least for now an escalation feared by financial markets, businesses and farmers.

      Trump said existing U.S. tariffs would remain in place against Chinese imports while negotiations continue, but that additional tariffs he's threatened to slap on billions worth of other Chinese goods will not be triggered for the "time being." He added that the U.S. and China would restart stalled trade talks, saying, "we're going to work with China where we left off."

      Trump spoke after a lengthy meeting with Xi on the margins of the Group of 20 summit in Osaka. The U.S. president pronounced relations with China "right back on track," but doubts persist about the two nations' willingness to compromise on a long-term solution.

      The apparent truce continues a pattern for talks between Trump and Xi, who have more than once professed their friendship and hit pause on protectionist measures, only to see negotiations later break down over contentious details.

      Eleven rounds of talks have so far failed to end the standoff. The United States has imposed 25% import taxes on $250 billion in Chinese products and is threatening to target another $300 billion a move that would extend the tariffs to virtually everything China ships to the United States. China has lashed back with tariffs on $110 billion in American goods, focusing on agricultural products in a direct and painful shot at Trump supporters in the U.S. farm belt.

      Saturday's meeting between the two leaders was the centerpiece of four days of diplomacy in Asia for Trump, whose re-election chances have been put at risk by the trade war that has hurt American farmers and battered global markets. Tensions rose after negotiations collapsed last month.

      Trump said the talks with Xi went "probably even better than expected."

      Seated across a lengthy table flanked by top aides, both leaders struck a cautiously optimistic tone after they posed for photographs.

      "We've had an excellent relationship," Trump told Xi as the meeting opened, "but we want to do something that will even it up with respect to trade."

      Xi, for his part, recounted the era of "ping-pong diplomacy" that helped jump-start U.S.-China relations two generations ago. Since then, he said, "one basic fact remains unchanged: China and the United States both benefit from cooperation and lose in confrontation."



      https://www.newsmax.com/politics/tru.../29/id/922601/


      ----------------------------------------


      Trump and Xi Agree to Resume Trade Talks

      The U.S. and China will resume trade talks following a meeting between President Donald Trump and Chinese dictator Xi Jinping.


      We had a very good meeting with President Xi of China, Trump said following an 80 minute meeting with Xi Saturday morning in Japan. Excellent, I would say excellent.


      ......................




      https://www.breitbart.com/economy/20...e-trade-talks/
      Let's hope they can make a deal that's a good one. Ideally, good for both sides, but I'm OK with one that brings China into compliance with intellectual property rights the rest of the world's nations already recognize.

      ?


      • #4
        Originally posted by eohrnberger View Post
        Let's hope they can make a deal that's a good one. Ideally, good for both sides, but I'm OK with one that brings China into compliance with intellectual property rights the rest of the world's nations already recognize.
        Just some good common sense isn't too much to ask I don't think.

        It's strange that the idiots running our "government" for so long, have avoided that good sense... as if it's a poison !!

        . . . and so we have Donald Trump & I do hope he finally applies some good sense to this and so many other issues.

        ?


        • #5
          Originally posted by Blue Doggy View Post
          The economic treason the scheme of globalism is destroying our middle class and drives suicide and opiate deaths. It weakens this nation making us dependent on commies who seek economic hegemony and power. It maxes out income disparity.

          Our corporations gave china our tech and ownership in the factories we moved their to get immoral too cheap wages driven by greed, regardless of what term they hide behind.

          Max profits is all that matters now being a god. Greed enriched empowered and made a communist state a danger to America.
          scheme
          China was given the store and dont want trump to change it. As the stupid and aglobalists wring their hands not realizing that this treason was not natural law but a choice and scheme in the interest of a ruling elite who owe no allegiance to any nation but only to max profits regardless of the destructive costs to America.
          Please stop with the demonstrable stupidity claiming that our middle class is being destroyed. From "the middle class hasn't had a pay raise in xxx years" to the "vanishing middle class". Today's middle class is far better off than at any time in history. The statistics this nonsense is contrived from is based on woefully understated price deflators, that completely fail to take into account technological advances and changes in comparative composition (how do you compare prices for a 1985 Sony Walkman and an iPod). Ask yourself this one simple question, what percentage of the middle class own smart phones today. How much would the computing power of those phones (let alone the actual functions it can perform WITH that computing power) have cost in 1975.

          ?


          • #6
            Originally posted by Marcus1124 View Post

            Please stop with the demonstrable stupidity claiming that our middle class is being destroyed. From "the middle class hasn't had a pay raise in xxx years" to the "vanishing middle class". Today's middle class is far better off than at any time in history. The statistics this nonsense is contrived from is based on woefully understated price deflators, that completely fail to take into account technological advances and changes in comparative composition (how do you compare prices for a 1985 Sony Walkman and an iPod). Ask yourself this one simple question, what percentage of the middle class own smart phones today. How much would the computing power of those phones (let alone the actual functions it can perform WITH that computing power) have cost in 1975.
            Great! It makes me elated that the scheme that has yielded the greatest disparity in income surpassing the giilded age and grown our middle class like nothing else leaving huge areas dead of middle class jobs being replaced by a low wage service sector economy and a gig economy.

            But you do get cheap widgets which is the reason you believe offshoring middle class jobs is wonderful. Anyways these folks who lost their middle class jobs as our economy was offshored to a commie state just need to get student loans and learn to code.

            I dont know what rabbit hole you used to enter into that alternative universe and for average Americans it sounds fantastic so please tell us where that hole is for millions of us want and need its llocation.

            Perot was right given the common sense involved which makes you delusionsa

            More and more people are waking up to what globalism is which is a scheme to max out income at the top. And to hell with average people. Thanks for caring about those ppeople for you want the cheapest widget possible. That is wwhat mmatters.

            And with most people having smart phones this means globalism had really grown our middle class since so many can afford the 25 bucks for a smart talk card from walmart.

            Only the ddelusionsal can travel across America and see what offshoring has wrought on people and towns and claim your nonsense

            Perot was right and his predictions were spot on. But globalists will never admit the common ssense involved. All that matters is cheap widgets and max ROI.
            Last edited by Blue Doggy; 2 weeks ago.

            ?


            • #7
              Bannon understands what offshoring globalism is as well as its conclusion

              Perot tried to tell us it would destroy our society economically for the non elites.

              But both parties did not care and this gave us sanders and trump

              ?


              • #8
                Given the number of businesses that are investing in US based facilities, production and otherwise, seems that this administration has started the turning back from globalism. I see this as a good development for the US and its workforce, considering the economic optimism, extremely low unemployment, increasing labor participation rate, labor market and wage increases we've seen of late.

                ?


                • #9
                  Originally posted by eohrnberger View Post
                  Given the number of businesses that are investing in US based facilities, production and otherwise, seems that this administration has started the turning back from globalism. I see this as a good development for the US and its workforce, considering the economic optimism, extremely low unemployment, increasing labor participation rate, labor market and wage increases we've seen of late.
                  Agreed

                  Making America WORK again !

                  ?


                  • #10
                    Originally posted by Blue Doggy View Post

                    Great! It makes me elated that the scheme that has yielded the greatest disparity in income surpassing the giilded age and grown our middle class like nothing else leaving huge areas dead of middle class jobs being replaced by a low wage service sector economy and a gig economy.

                    But you do get cheap widgets which is the reason you believe offshoring middle class jobs is wonderful. Anyways these folks who lost their middle class jobs as our economy was offshored to a commie state just need to get student loans and learn to code.

                    I dont know what rabbit hole you used to enter into that alternative universe and for average Americans it sounds fantastic so please tell us where that hole is for millions of us want and need its llocation.

                    Perot was right given the common sense involved which makes you delusionsa

                    More and more people are waking up to what globalism is which is a scheme to max out income at the top. And to hell with average people. Thanks for caring about those ppeople for you want the cheapest widget possible. That is wwhat mmatters.

                    And with most people having smart phones this means globalism had really grown our middle class since so many can afford the 25 bucks for a smart talk card from walmart.

                    Only the ddelusionsal can travel across America and see what offshoring has wrought on people and towns and claim your nonsense

                    Perot was right and his predictions were spot on. But globalists will never admit the common ssense involved. All that matters is cheap widgets and max ROI.
                    Income inequality is the stupidest metric of prosperity there is in a free society. By this idiotic reasoning, it is better that all be poor than that some be rich, some be poor, and some be in the middle. As Milton Friedman often said "A societies that aim for equality [of outcomes] over freedom generally get neither" The obsession with this stupid metric is fueled by the previous metric I pointed out the invalidity of (the notion that the middle class has stagnated over the last 40-50 years), it is simply not true.

                    Add to that the people who want to blame "globalization", who simply ignore that the period they like to compare to (the decades following WWII) are a historic blip because we did not HAVE any substantial global trade competition, as huge portions of the industrial base of our previous competitors had been decimated as a result of the war, while ours was relatively unscathed (and quite built up for the war effort and comparatively easier to transition into non-military output). As the rest of the world recovered from WWII, competition came back. Now, if you want an economic policy that depends upon a massive world war ever few decades, I think that is foolish and stupid. But have it your way.

                    ?


                    • #11
                      Originally posted by Marcus1124 View Post

                      Income inequality is the stupidest metric of prosperity there is in a free society. By this idiotic reasoning, it is better that all be poor than that some be rich, some be poor, and some be in the middle. As Milton Friedman often said "A societies that aim for equality [of outcomes] over freedom generally get neither" The obsession with this stupid metric is fueled by the previous metric I pointed out the invalidity of (the notion that the middle class has stagnated over the last 40-50 years), it is simply not true.

                      Add to that the people who want to blame "globalization", who simply ignore that the period they like to compare to (the decades following WWII) are a historic blip because we did not HAVE any substantial global trade competition, as huge portions of the industrial base of our previous competitors had been decimated as a result of the war, while ours was relatively unscathed (and quite built up for the war effort and comparatively easier to transition into non-military output). As the rest of the world recovered from WWII, competition came back. Now, if you want an economic policy that depends upon a massive world war ever few decades, I think that is foolish and stupid. But have it your way.
                      The people affected by it on all sides including those who benefitted the most would not see it as stupid. Ha ha

                      ​Offshoring our value added economy to max profits logically grew disparity and shrunk the middle and that is stupid if the people have any relevance which of course they dont. Seeing this elected trump. Enough people thought he would look out for working people

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                      • #12
                        Originally posted by eohrnberger View Post
                        Given the number of businesses that are investing in US based facilities, production and otherwise, seems that this administration has started the turning back from globalism. I see this as a good development for the US and its workforce, considering the economic optimism, extremely low unemployment, increasing labor participation rate, labor market and wage increases we've seen of late.
                        Hopefully this scheme and scourge of globalism that enriched and turned communist china into an economic power and the manufacturing center will be reversed as we understand that our founders understood America must be self sufficient and independent and not dependent on england or on a communist state. Common sense seldom changes.

                        Intelligence would never use foreigners robbing our people and nation of living wage jobs as our economy was turned into a low wage service model requiring welfare for working people. If only max profits matter at any cost an oligarchy is required to sustain it.
                        Last edited by Blue Doggy; 2 weeks ago.

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                        • #13
                          Originally posted by Blue Doggy View Post

                          Hopefully this scheme and scourge of globalism that enriched and turned communist china into an economic power and the manufacturing center will be reversed as we understand that our founders understood America must be self sufficient and independent and not dependent on england or on a communist state. Common sense seldom changes.

                          Intelligence would never use foreigners robbing our people and nation of living wage jobs as our economy was turned into a low wage service model requiring welfare for working people. If only max profits matter at any cost an oligarchy is required to sustain it.
                          In general agreeing with you here, but I think there's more to the context visa-a-vie businesses. Quite often business is painted in a overly negative manner, depending on one's perspective. Sure, there are some bsinesses and business leaders that are aas you describe thme, but then there are many whop are not, and painting them all as being the same, as you are describing them, is a rather broad brush.

                          How could a business survive decimating the very consumers that it's betting to purchase its products or services? Isn't that a rather bad business model?

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                          • #14
                            Originally posted by eohrnberger View Post

                            In general agreeing with you here, but I think there's more to the context visa-a-vie businesses. Quite often business is painted in a overly negative manner, depending on one's perspective. Sure, there are some bsinesses and business leaders that are aas you describe thme, but then there are many whop are not, and painting them all as being the same, as you are describing them, is a rather broad brush.

                            How could a business survive decimating the very consumers that it's betting to purchase its products or services? Isn't that a rather bad business model?
                            To be fair it isnt small business that is the problem. From what i can tellthe driver that changed what our founders put into place was a change in economic philosophy introduced by Friedman and the power of wall street banks to affect economic policy and thinking.

                            Indeed if not for the secrecy involved as to who wrote these offshoring free trade deals we could know who changed our economy. Which banks and big corporations. We can know who in both pparties voted to change our economy but not who wrote it in their own self iinterests. But it was not small bbusinesses.

                            I come from the school that bbelieves our economy should serve the health of our nation .and the ccitizens, the general welfare. But clearly it was devised to serve bankers and big corporations with no care of the people, their sovereignty or this nnnation.

                            What preceded this offshoring model considered more than just powerful elites. The folks who changed our economy owe no allegiance to any nation and see them as above morality. This is one of the changes a change in economic philosophy gave us.

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                            • #15
                              Originally posted by Blue Doggy View Post

                              To be fair it isnt small business that is the problem. From what i can tellthe driver that changed what our founders put into place was a change in economic philosophy introduced by Friedman and the power of wall street banks to affect economic policy and thinking.

                              Indeed if not for the secrecy involved as to who wrote these offshoring free trade deals we could know who changed our economy. Which banks and big corporations. We can know who in both pparties voted to change our economy but not who wrote it in their own self iinterests. But it was not small bbusinesses.

                              I come from the school that bbelieves our economy should serve the health of our nation .and the ccitizens, the general welfare. But clearly it was devised to serve bankers and big corporations with no care of the people, their sovereignty or this nnnation.

                              What preceded this offshoring model considered more than just powerful elites. The folks who changed our economy owe no allegiance to any nation and see them as above morality. This is one of the changes a change in economic philosophy gave us.
                              You mention Friedman.

                              In this interview he calls to question which society doesn't 'run on greed?' A fair question, I think.



                              The beauty of free markets is that it takes both a willing buyer and a willing seller to complete a transaction, without both, there is no transaction. In this, the greed is tempered, because if a seller demands a price beyond what the market will bear, he'll drive his potential customers to other sources, and will, in pretty short order, bring his price in line with what the market will bear. It's not what you are selling your goods or services for, it's what others will pay for them. This applies to any business selling anything, even if dealing in the illicit, and some would say, especially when dealing in the illicit.

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