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Title: Trump speaks to media during meeting with Chinese officials (Phase 1 trade treaty agreed to)
Source: YouTube
URL Source: https://www.youtube.com/watch?v=fvHLs0vA5jc
Published: Oct 11, 2019
Author: Bad Orange Man
Post Date: 2019-10-11 19:28:48 by Tooconservative
Keywords: None
Views: 593
Comments: 7

Trump spoke with the Chinese VP present in the Oval Office. Trump's ag secretary and treasury secretary were both present and spoke very briefly. The Chinese vice-premier was accompanied by his trade negotiation team and he did confirm vocally that an agreement is concluded.

Getting the full agreement written will take 3-4 weeks. This was a high-level agreement and Phase 2 of the trade agreement will be negotiated once the Phase 1 treaty is signed. There may also be a Phase 3 of the treaty, depending on how the first two phases are laid out.

  1. IP protection
  2. raising American ag exports to China from $8B currently, past the historic high of $16B, and reaching $40B-$50B
  3. structural ag trade issues on biotech and sanitation standards to aid American farmers in exports
  4. financial services agreement
  5. currency & foreign exchange, including both central banks
  6. technology transfer agreement


Poster Comment:

Farmers and bankers are going to love this deal.

Wall Street will go hog-wild.

Post Comment   Private Reply   Ignore Thread  


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Begin Trace Mode for Comment # 3.

#1. To: All (#0)

Trump was very serious about this. It is a major milestone for his presidency, perhaps the most important thing he has accomplished, even more than stopping the refugee scam at the southern border or deregulation or appointing so many federal judges. Certainly, this ranks up with any of those. And this fulfills one of Trump's central campaign promises.

He played hard ball with China. And won.

Tooconservative  posted on  2019-10-11   19:32:50 ET  Reply   Untrace   Trace   Private Reply  


#2. To: Tooconservative (#1)

He played hard ball with China. And won.

Bottom Line.

Trump is kicking major butt. We can only imagine his accomplishment by now had he not been derailed by all the fake "scandals."

(Now will the pods actually ever be told what transpired by CNN, MSNBC and WaPo?)

Liberator  posted on  2019-10-11   20:07:43 ET  Reply   Untrace   Trace   Private Reply  


#3. To: Liberator (#2)

Trump is kicking major butt.

Unless this deal somehow falls apart completely, Wall Street will hit major new highs. Soon.

This was a very high level announcement. It will be hard for China to pull back from what they have already agreed to in this Phase 1 treaty. It was announced and agreed to in the Oval Office with Trump's cabinet members and the Chinese trade team present. Very hard for them to pull back from it now.

The truth is that China has to change and they already know it. They have become a First World country, no longer a low-skill industrializing Third World economy. China can't continue to grow and develop without substantial internal and external economic changes. They've gotten as far as they can go with the trade model of the past decades. They've ridden that horse as far as they can.

And they were frightened by Trump's tariffs because that would have encouraged a lot of multinationals to start moving factories out of China to places like Vietnam. And that would shift China from being at the center of many production and distribution chains. Once those factories leave, they don't come back any time soon. Cutting a trade deal gets rid of the tariffs and the Chinese keep the production chain centered in China, something they really need to maintain as a primary engine of their economy.

Tooconservative  posted on  2019-10-11   20:15:06 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 3.

#4. To: Tooconservative (#3)

They were frightened by Trump's tariffs because that would have encouraged a lot of multinationals to start moving factories out of China to places like Vietnam. And that would shift China from being at the center of many production and distribution chains.

Once those factories leave, they don't come back any time soon. Cutting a trade deal gets rid of the tariffs and the Chinese keep the production chain centered in China, something they really need to maintain as a primary engine of their economy.

Worth repeating. Good dot-connecting. The ChiComs know Trump ain't messin'.

Liberator  posted on  2019-10-12 09:37:59 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 3.

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