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Fri Dec 13, 2019, 03:23 PM

Trump is getting played by China on trade

By Josh Rogin

The Trump administration seems to have reached terms with Beijing over a “Phase One” China trade deal, which President Trump will surely tout as a victory for himself and the United States. But if the president strikes the deal on the terms being reported, he will actually be making a huge concession to Beijing that achieves few U.S. goals and is so bad that even Trump will have trouble spinning it as a political win.

Thursday afternoon, several media outlets reported that the United States and China have agreed to a limited, interim trade deal that will surely boost markets in the short term and provide a temporary de-escalation of the U.S.-China trade war. For more than two months, sources briefed on the negotiations told me, the two sides had been stuck. The Trump administration wanted to freeze tariffs in exchange for Beijing agreeing to purchase more U.S. agricultural products and granting more market access for U.S. financial firms. But China wouldn’t sign off, demanding the White House sweeten the pot by offering substantial tariff rollbacks as well.

On Thursday, the Wall Street Journal reported the Trump team caved on that huge point. If true, the result would be a deal that immediately relieves major pressure on the Chinese economy in exchange for future promises the Chinese side may never fulfill. Beijing’s concessions also don’t address the bulk of the structural issues and abuses that make Chinese economic aggression a long-term threat to the U.S. economy.

Of course, we know that no Trump decision is final until he announces it. He could still reject what his officials have brought him.

https://www.washingtonpost.com/opinions/global-opinions/trump-is-getting-played-by-china-on-trade/2019/12/12/a8381362-1d2d-11ea-b4c1-fd0d91b60d9e_story.html

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Reply Trump is getting played by China on trade (Original post)
Yo_Mama_Been_Loggin Dec 13 OP
C_U_L8R Dec 13 #1
madashelltoo Dec 13 #2
bronxiteforever Dec 13 #3
duforsure Dec 13 #4
keithbvadu2 Dec 13 #5

Response to Yo_Mama_Been_Loggin (Original post)

Fri Dec 13, 2019, 03:28 PM

1. Clearly Trump wasn't paying attention

As his hundreds of impeachment tweets clearly prove. So incompetent.

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Dec 13, 2019, 03:31 PM

2. Of course he is!

China knows Trumplethinskin is desperate to counter the Impeachment buzz. Oh, and he’s dumb as dirt.

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Dec 13, 2019, 03:48 PM

3. He will take whatever deal is offered as election approaches

Last edited Fri Dec 13, 2019, 06:35 PM - Edit history (2)

& Wall Street will worship and support him because that is what they do. Wall Street and the GOP are BFF.

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Dec 13, 2019, 04:32 PM

4. He's desperate to get anything done, and bad for us just to claim

Its the greatest best deal ever because he did it, when in reality he gave them a lot to agree to it just to falsely brag about before the election. the election, then he'll do worse hurting many , many more, and the truth comes out how bad the deal was. He's used that tactic many times.

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Dec 13, 2019, 08:12 PM

5. He is being played by his own administration as well.

He is being played by his own administration as well.

Peter Navarro made up an expert to support his own recommendations.

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