Harris Lies, Americans Die. Illegal Aliens are more Important

[rooster59]

U.S., China declare 90-day halt to new tariffs, White House says

 

U.S. President Donald Trump, U.S. President Donald Trump's national security adviser John Bolton, U.S. Treasury Secretary Steven Mnuchin attend a working dinner with Chinese President Xi Jinping after the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. REUTERS/Kevin Lamarque

 

BUENOS AIRES (Reuters) - China and the United States have agreed to halt additional tariffs as both nations engage in new trade negotiations with the goal of reaching an agreement within 90 days, the White House said on Saturday after President Donald Trump and Chinese President Xi Jinping held high-stakes talks in Argentina.

 

Trump agreed not to boost tariffs on $200 billion of Chinese goods to 25 percent on Jan. 1 as previously announced, while Beijing agreed to buy an unspecified but "very substantial" amount of agricultural, energy, industrial and other products, the White House said in a statement. China "is open to approving the previously unapproved" deal for U.S. company Qualcomm Inc <QCOM.O> to acquire Netherlands-based NXP Semiconductors <NXPI.O> "should it again be presented."

 

In July, Qualcomm - world's biggest smartphone-chip maker - walked away from a $44 billion deal to buy NXP Semiconductors after failing to secure Chinese regulatory approval, becoming a high-profile victim of the Sino-U.S. trade dispute.

 

The White House said that if agreement on trade issues including technology transfer, intellectual property, non-tariff barriers, cyber theft and agriculture has not been reached with China in 90 days that both parties agree that the 10 percent tariffs will be raised to 25 percent.

 

Trump slapped 10 percent tariffs on $200 billion in Chinese goods in September. China responded by imposing its own round of tariffs. Trump has also threatened to add tariffs on another $267 billion of Chinese imports.

 

Xi agreed to designate the drug fentanyl as a controlled substance, the White House said. For more than a year, Trump has raised concerns about the synthetic opioid being sent from China to the United States, which is facing an epidemic of opioid-related deaths.

 

China also agreed to start purchasing agricultural products from U.S. farmers immediately, the White House said.

 

U.S. companies and consumers are bearing part of the cost of the U.S. tariffs on China by paying higher prices for goods, and many companies have hiked prices on imported goods. At the same time, U.S. farmers have been hurt by reduced Chinese imports of soybeans and other products.

 

 

-- © Copyright Reuters 2018-12-02

[Tug]

Let us hope it’s a win for everyone for a change

[YetAnother]

another photo of trump with his mouth open, sure are a lot of them

[zydeco]

Disaster if this goes through.  This is the last opportunity to confront and beat back China. Xi's critics in China have been angered because he acted 10-20 years "too soon," as I see in many SCMP articles. We were lucky he acted too rashly and gave warning to the sleepwalkers about China's intentions. But if Wall Street requires the stock market bubble to keep on building and stock buybacks to keep on keeping on, then this had to happen.  Foreign and trade policies determined by keeping the stock market at all time highs until everything crashes. Trump appears to be folding. All in order to goose up the stock market. 

[Redline]

I think it’s just because he is a coward in face to face confrontations.  A concerted effort needs to be made by a coalition of countries to force China to act in a fair manner regarding international trade, state sponsorship, intellectual property theft, foreign ownership of companies...

Everyone has let these thugs slide because of the money to be made, and the thought that China was too stupid to advance so quickly.  Well, it’s pretty late, but time to do some enforcement and corrections.  The west again has created their own mess

[Ulic]

Don't go wobbly on China now. Stick to your guns, hold them to account for failing to open up its market to foreign companies, environmental standards, and theft of intellectual property and technology. Make them back off of the nine-dash line, South China Sea ownership claims as well.

[simoh1490]

3 minutes ago, Ulic said:

Don't go wobbly on China now. Stick to your guns, hold them to account for failing to open up its market to foreign companies, environmental standards, and theft of intellectual property and technology. Make them back off of the nine-dash line, South China Sea ownership claims as well.

And make them fix global warming too because it must be their fault and tell them to stop sending their citizens to Thailand on holiday because it annoys the expats, thanks! 

[zydeco]

2 minutes ago, Ulic said:

Don't go wobbly on China now. Stick to your guns, hold them to account for failing to open up its market to foreign companies, environmental standards, and theft of intellectual property and technology. Make them back off of the nine-dash line, South China Sea ownership claims as well.

I have come to believe that Trump only cares about two things, tax cuts and the stock market. He stupidly identified himself with the stock market when it shot up after his election, and now anything that would allow even a modest correction to it must be stopped at all costs. That's why he gave Powell the Jess Sessions treatment about interest rates a couple of weeks ago and implied he would fire him if they weren't stopped--and you saw what happened last Wednesday when Powell and the Fed meekly complied. Now, this trade fiasco. Giving in to China just as they've commenced reclaiming yet another reef in the South China Sea and confronting American naval ships. And what does the US get? Purchases of American natural and agricultural resources (the sort of things colonies used to send to the mother country). And the American environment get degraded and American consumers pay more for the competition over American natural gas, oil, coal, timber, soybeans. But at least we still get to buy a lot of Chinese-made tat for cheap.

[tpazzi]

Trump blinked first.

[bristolboy]

22 hours ago, zydeco said:

Disaster if this goes through.  This is the last opportunity to confront and beat back China. Xi's critics in China have been angered because he acted 10-20 years "too soon," as I see in many SCMP articles. We were lucky he acted too rashly and gave warning to the sleepwalkers about China's intentions. But if Wall Street requires the stock market bubble to keep on building and stock buybacks to keep on keeping on, then this had to happen.  Foreign and trade policies determined by keeping the stock market at all time highs until everything crashes. Trump appears to be folding. All in order to goose up the stock market. 

Really? So it has nothing to do with the fact that it's hurting farmers - particularly soybean farmers - in a big way?

Trump trade war with China puts 300,000 soybean farmers, $14 billion export industry in limbo

https://www.foxnews.com/politics/trump-trade-war-with-china-puts-300000-soybean-farmers-14-billion-export-industry-in-limbo

And what about small manufacturers?

As Trump's tariffs bite, small U.S. manufacturers begin to tap the brakes

https://www.reuters.com/article/us-usa-trade-tariffs/as-trumps-tariffs-bite-small-u-s-manufacturers-begin-to-tap-the-brakes-idUSKBN1I5108

[zydeco]

3 hours ago, tpazzi said:

Trump blinked first.

He didn't just blink. He sank to his knees and whimpered. He failed.

[Thakkar]

The US and China released fairly different statement son what was agreed:

 

 

it’s clearly a case of he said, Xi said!