Jump to content








Trump says 'big progress' on possible China trade deal


rooster59

Recommended Posts

Trump says 'big progress' on possible China trade deal

By Yeganeh Torbati and Ryan Woo

 

800x800.jpg

FILE PHOTO: U.S. President Donald Trump takes part in a welcoming ceremony with China's President Xi Jinping at the Great Hall of the People in Beijing, China, November 9, 2017. REUTERS/Damir Sagolj/File Photo

 

WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump said on Twitter on Saturday that he had a "long and very good call" with Chinese President Xi Jinping and that a possible trade deal between the United States and China was progressing well.

 

As a partial shutdown of the U.S. government entered its eighth day, with no quick end in sight, the Republican president was in Washington, sending out tweets attacking Democrats and talking up possibly improved relations with China.

 

The two nations have been in a trade war for much of 2018, shaking world financial markets as the flow of hundreds of billions of dollars worth of goods between the world's two largest economies has been disrupted by tariffs.

 

Trump and Xi agreed to a ceasefire in the trade war, deciding to hold off on imposing more tariffs for 90 days starting Dec. 1 while they negotiate a deal to end the dispute following months of escalating tensions.

 

"Just had a long and very good call with President Xi of China," Trump wrote. "Deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made!"

 

Chinese state media also said Xi and Trump spoke on Saturday, and quoted Xi as saying that teams from both countries have been working to implement a consensus reached with Trump.

 

"I hope that the two teams will meet each other half way, work hard, and strive to reach an agreement that is mutually beneficial and beneficial to the world as soon as possible," Xi said, according to the state-run Xinhua news agency.

 

Having cancelled his plans to travel to his estate in Florida for the holidays because of the government shutdown that started on Dec. 22, Trump tweeted, "I am in the White House waiting for the Democrats to come on over and make a deal."

 

The Republican-controlled Congress was closed for the weekend and few lawmakers were in the capital.

 

The shutdown, affecting about one-quarter of the federal government including 800,000 or so workers, began when funding for several agencies expired.

 

Congress must pass legislation to restore that funding, but has not done so due to a dispute over Trump's demand that the bill include $5 billion in taxpayer money to help pay for a wall he wants to build along the U.S.-Mexico border.

 

The wall was a major 2016 campaign promise of Trump's, who promised then that it would be paid for by Mexico, which has steadfastly refused to do so. Trump has since demanded that U.S. taxpayers pay for it at an estimated total cost of $23 billion.

 

He sees the wall as vital to stemming illegal immigration, while Democrats and some Republicans see it as an impractical and costly project. The standoff over Trump's demand for funding will be a test for Congress when it returns next week.

 

Trump tweeted on Saturday that the deaths of two migrant children this month who had been taken into U.S. custody after trying to cross the southern border were "strictly the fault of the Democrats and their pathetic immigration policies."

 

It was unclear exactly which policies Trump was referring to, but his aides have referred to U.S. laws and court rulings - including laws passed with bipartisan support - that govern the conditions under which children and families can be detained as "loopholes" that encourage illegal immigration.

 

On Friday, Secretary of Homeland Security Kirstjen Nielsen visited Border Patrol stations in Texas after her agency instituted expanded medical checks of migrant children following the two deaths. She is also due to visit Yuma, Arizona, the Department of Homeland Security said in a statement on Saturday.

 

In the interim, thousands of employees of federal agencies such as the Homeland Security, Justice, Commerce, Interior, Transportation, Agriculture and other departments were staying at home on furlough or soon to be working without pay.

 

For instance, members of the U.S. Coast Guard will receive their final paychecks of the year on Monday, the service said in a statement on its website on Friday after previously warning that payments would be delayed due to the shutdown.

 

"The administration, the Department of Homeland Security [DHS], and the Coast Guard have identified a way to pay our military workforce on Dec. 31, 2018," the service website read.

 

That paycheck will be their last until the government reopens.

 

The Federal Emergency Management Agency also said on Friday that it would resume issuing new flood insurance policies during the shutdown, reversing an earlier decision.

 

 
reuters_logo.jpg
-- © Copyright Reuters 2018-12-30
Link to comment
Share on other sites


What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits.. ( The President can only propose a budget. He cannot force the Congress to accept it.)

  • Like 1
  • Sad 1
Link to comment
Share on other sites

6 hours ago, Chomper Higgot said:

Is this the same China deal he lied about last time?

I saw on my favourite news channel recently that Trump had set a new record for most lies in one day.

Perhaps he is attempting to shatter his own record. He is the best. A real (great) genius who knows no shame.

It would be interesting to know if President Xi agrees that the "Deal is moving along very well".

  • Like 2
Link to comment
Share on other sites

6 hours ago, TopDeadSenter said:

His efforts are already yielding results. This went largely unnoticed and must have hurt them to write this, but..

 

https://money.cnn.com/2017/07/21/news/china-rice-us-trade/index.html

 

 Great to see new firsts in American trade, and all thanks to Trump. Now, no doubt there will be hundreds of people rushing along to slam Trump and claim exporting rice to China is bad. 

Today an IT expert on CNN stated 40% plus of data on the internet is Fake News.  China buys rice over 12,000 klms away when there is ample in SE Asia; fake news. Next you will be telling me Eskimos are buying bags of ice from South Africa, LOL

  • Haha 2
Link to comment
Share on other sites

7 minutes ago, 1337markus said:

China buys rice over 12,000 klms away when there is ample in SE Asia; fake news.

Any proof for your claim? Or just typical far-right conspiracy theories?

 

7 minutes ago, 1337markus said:

Next you will be telling me Eskimos are buying bags of ice from South Africa, LOL

Comparing apples with oranges, congrats. 

Link to comment
Share on other sites

8 hours ago, TopDeadSenter said:

His efforts are already yielding results. This went largely unnoticed and must have hurt them to write this, but..

 

https://money.cnn.com/2017/07/21/news/china-rice-us-trade/index.html

 

 Great to see new firsts in American trade, and all thanks to Trump. Now, no doubt there will be hundreds of people rushing along to slam Trump and claim exporting rice to China is bad. 

Exporting rice to China doesn't make economic sense. And, that is the reason why this is a nothing burger BS from Trump. With US prices higher than other world competitors it doesn't work:

Quote

U.S. rice prices continue to be significantly higher than its competitors, says Dr. Nathan Childs, senior rice economist for the USDA-ERS, and a speaker for a recent University of Arkansas System Division of Agriculture Food and Agribusiness Webinar

https://www.farmprogress.com/rice/us-rice-farmers-losing-market-share-mexico-latin-america

  • Thanks 1
Link to comment
Share on other sites

8 hours ago, keemapoot said:

Exporting rice to China doesn't make economic sense. And, that is the reason why this is a nothing burger BS from Trump. With US prices higher than other world competitors it doesn't work:

 

In effect, that's the same as exporting 2500 liters of water to China for every kg of rice that's sent there.   Frankly, a lot of US agricultural exports make no sense when there isn't enough water in some of the growing areas like California. 

 

But it works for Big Ag because of antiquated water laws that don't recognize the true value of the water that goes into those agriculture export commodities.  And Big Ag greases the political machine with contributions.  So the rest of us take it in the shorts.

 

Edited by impulse
  • Like 2
Link to comment
Share on other sites

"Trump pulled out of a massive trade deal. Now 11 countries are going ahead without the US"

 

"Our competitors in Australia and Canada will now benefit from those provisions, as US farmers watch helplessly," said US Wheat Associates President Vince Peterson at a hearing on the potential negotiations with Japan."

 

https://edition.cnn.com/2018/12/29/politics/tpp-trade-trump/index.html

  • Thanks 1
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...