Trump asks China to lift tariffs on U.S. farm products

 

FILE PHOTO: U.S. President Donald Trump speaks on U.S. and China trade negotiations at the Governors' Ball, in the State Dining Room of the White House, in Washington, U.S., February 24, 2019. REUTERS/Al Drago

 

WASHINGTON (Reuters) - President Donald Trump said he had asked China to immediately remove all tariffs on U.S. agricultural products because trade talks were progressing well.

 

He also delayed plans to impose 25-percent tariffs on Chinese goods on Friday, as previously scheduled.

 

"I have asked China to immediately remove all Tariffs on our agricultural products (including beef, pork, etc.) based on the fact that we are moving along nicely with Trade discussions," Trump said on Twitter, pointing out that he had not raised tariffs on Chinese goods to 25 percent from 10 percent on March 1 as planned.

 

"This is very important for our great farmers - and me!" Trump said.

 

Farmers are a key constituency for Trump's Republican Party, and the U.S. president's trade war with China has had a heavy impact on them. Beijing imposed tariffs last year on imports of soybeans, grain sorghum, pork and other items, slashing shipments of American farm products to China.

 

U.S. Agriculture Secretary Sonny Perdue said this week that U.S. trade negotiators had asked China to reduce tariffs on U.S. ethanol, but it was not immediately clear whether Beijing was willing to oblige.

 

Trump's post on Twitter came several hours after the U.S. Trade Representative's office said that it would delay the scheduled hike in tariffs on $200 billion worth of Chinese goods.

 

The notice, due to be published in the Federal Register next Tuesday, says it is "no longer appropriate" to raise the rates because of progress in negotiations since December 2018. The tariff would remain "at 10 percent until further notice."

 

A tariff increase to 25 percent from 10 percent was initially scheduled for Jan. 1, but after productive conversations with Chinese President Xi Jinping, the Trump administration issued a 90-day extension of that deadline.

 

Trump had said on Sunday he would again delay the increase because of progress in the talks.

 

-- © Copyright Reuters 2019-03-02

Trump is trying to pull the same wool over Xi's eyes that Kim pulled over his.  I don't think China will fall for it.

12 minutes ago, rooster59 said:

"This is very important for our great farmers - and me!" Trump said.

Selfish narcissist. Of course, it's important for him. His stock holdings track the S&P and he is desperate to inflate the stock bubble even more. This miserable human being doesn't care about the country, the economy, or China's hollowing out of America. Just what is good for himself.  

Why should they remove tariffs when Trump still has a 10% tariff on them. The Chinese have Trump by the balls as they are the largest buyer of US crops which they have refused to buy since the tariff war started by Trump which is hurting the US and their farmers big time with billions of lost income monthly. So Xi should be demanding all tariff removed in return. 

16 minutes ago, attrayant said:

Trump is trying to pull the same wool over Xi's eyes that Kim pulled over his.  I don't think China will fall for it.

 

Yes, but he did in a "disguise", pretending to be one of those Asians who wear glasses...

 

{Have the farm subsidies been disbursed yet? Asking for a friend.}

Trump is a genius so he tells us.Never consults or listens to his Government advisers, he was advised not to start the trade war but he claimed he could easily win it. Even his new deal with Mexico and Canada has not been ratified yet. While the US farmers are getting screwed and countries like Argentina,Australia and Brazil are enjoying the fruits of Trumps genius he wants China to let him off the hook. Come 2020 the US farmers can take their revenge on this self proclaimed genius who sold them out while the rest of the world is laughing at him.

A profane troll post has been removed. 

4 hours ago, rooster59 said:

"I have asked China to immediately remove all Tariffs on our agricultural products (including beef, pork, etc.) based on the fact that we are moving along nicely with Trade discussions," Trump said on Twitter, pointing out that he had not raised tariffs on Chinese goods to 25 percent from 10 percent on March 1 as planned.

Trump has no real strategy of his own (remember Trump says he is his own most trusted expert!) to end his tariff war started with a unilateral tariff action, to be followed by an increase now delayed because of the lack of any progress.

• Trump's top trade negotiator Robert Lighthizer, who’s overseeing the White House’s trade talks with China, reportedly had begun with Chinese trade representatives drawing up a series of formal memos of understanding – or MOU – which would serve as the basis for a comprehensive agreement. But objected Trump said he had no use for memoranda of understanding “because they don’t mean anything.”
• Trump and Lighthizer weren’t even at odds over some substantive element; they were disagreeing over the definition of a routine phrase.

http://www.msnbc.com/rachel-maddow-show/trump-debates-his-own-team-china-laughs-white-house-confusion

So Trump effectively stalled negotiations. He won't say that to his base however.

But he wants China to reward his wayward behavior by immediately removing all Chinese tariffs on U.S. agricultural products. And China gets nothing in return except continued perplexity of dealing with an ineffective Head of State.

Only if "HE" removes tariffs on Chinese steel - co-operation works both ways!

Unintended Fallout of Trump Steel Duty: Solar Buying Abroad

 

The Trump administration imposed a tariff on steel imports last year to get companies to buy more American metal. In some ways, the duty has the U.S. solar business doing the exact opposite.

 

Consider the case of PanelClaw Inc., a supplier of steel racks that hold solar panels in place. Since President Donald Trump slapped tariffs on steel and aluminum last year, the Massachusetts-based company has boosted its sourcing of completed racks from India, allowing it to skirt some of the duties that apply to raw metals only.

 

While PanelClaw still acquires racks made domestically with American steel, the company can partly "avoid the tariff” by importing the rest, Chief Executive Officer Constantino Nicolaou said in a telephone interview.

 

https://www.bloomberg.com/news/articles/2019-02-27/the-unintended-fallout-of-trump-steel-tariff-solar-going-abroad

6 minutes ago, Burma Bill said:

Only if "HE" removes tariffs on Chinese steel - co-operation works both ways!

Are you aware China has far more tariffs than the usa and has been manipulating its currency as well as stealing intellectual property as well as no environmental controls and paying slave wages.  And they have been dumping steel for years.  Are you saying it is a level playing field and China is currently playing fairly?

2 hours ago, tlandtday said:

Are you aware China has far more tariffs than the usa and has been manipulating its currency as well as stealing intellectual property as well as no environmental controls and paying slave wages.  And they have been dumping steel for years.  Are you saying it is a level playing field and China is currently playing fairly?

Are you aware that Trump boasted that trade wars are easy to win , doesn't all this ' winning ' start to concern you ?

His high tunes already starts to bite him in his @ss so he need to crawl back asap.

Edited March 2, 20197 yr by Foexie

55 minutes ago, joecoolfrog said:

Are you aware that Trump boasted that trade wars are easy to win , doesn't all this ' winning ' start to concern you ?

You need to relax and try to control the Trump Derangement Syndrome... not every answer including those about current tariffs need to involve Trump in the answer lol.????

Well dt seems to think he's the only capable person in this arena so dt's name appears again and again...

It is Mr Trump and his Republican party policies that is causing hardship to US farmers.

Suck it up princess. Remember his quote. Trade wars are easily won.

Dumb comment, dud policy. Yay USA.

10 hours ago, zydeco said:

Selfish narcissist. Of course, it's important for him. His stock holdings track the S&P and he is desperate to inflate the stock bubble even more. This miserable human being doesn't care about the country, the economy, or China's hollowing out of America. Just what is good for himself.  

 

You realize that many people have retirement accounts with index funds that track the S&P? The market is off to its best start of the year in the past 30 years and you act like it is a bad thing. I guess it is bad if you are not invested but for those millions upon millions of people how compound their money for retirement or whatever else it has been great. Assuming they didn't get scared and sell back late last year. 

 

 

 

The level of uninformed comments in any threads about economic matters here can be astounding. Reading this forum is like encountering people that have been stuck in an isolated bubble. 

8 hours ago, tlandtday said:

Are you aware China has far more tariffs than the usa and has been manipulating its currency as well as stealing intellectual property as well as no environmental controls and paying slave wages.  And they have been dumping steel for years.  Are you saying it is a level playing field and China is currently playing fairly?

The truth doesn't matter people are naturally followers and will trash Trump no matter what he does.

Sadly people don't understand that the media is using Trump for ratings.  Print and television media have been losing advertising dollars to digital media for years. 

 

Trump is a God send to them because they can attack him whipping up a frenzy of haters that will follow their vitriol. They couldn't do that during the Obama years without being accused of racism towards the first black president. Hillary would have been off the hooks to avoid the sexist label. 

Trump however is a rich middle aged white man with a colorful personality. He is fair game. He could come up with the cure for cancer and liberal media would attack him.

 

Sadly media proves again how easily they can manipulate people to believe whatever narrative they want. 

6 minutes ago, Sakeopete said:

The truth doesn't matter people are naturally followers and will trash Trump no matter what he does.

Sadly people don't understand that the media is using Trump for ratings.  Print and television media have been losing advertising dollars to digital media for years. 

 

Trump is a God send to them because they can attack him whipping up a frenzy of haters that will follow their vitriol. They couldn't do that during the Obama years without being accused of racism towards the first black president. Hillary would have been off the hooks to avoid the sexist label. 

Trump however is a rich middle aged white man with a colorful personality. He is fair game. He could come up with the cure for cancer and liberal media would attack him.

 

Sadly media proves again how easily they can manipulate people to believe whatever narrative they want. 

Middle aged. ????

9 hours ago, tlandtday said:

You need to relax and try to control the Trump Derangement Syndrome... not every answer including those about current tariffs need to involve Trump in the answer lol.????

Dont be completely dense , if you want to ignore reality fine , but dont expect the rest of us to play dumb as well. The tarifs are everything to do with Trump , his advisors told him bad idea , economists told him bad idea , but he went ahead anyway.

You guys have got nothing left to defend him with so you simply attempt to shoot the messenger .

Making up silly names and excuses is a futile exercise , the base lap it up of course , its all they have left . Fortunately though the majority of the electorate note  the facts and see right through these childish charades.

 

Edited March 3, 20197 yr by joecoolfrog

5 hours ago, Sakeopete said:

The truth doesn't matter people are naturally followers and will trash Trump no matter what he does.

Sadly people don't understand that the media is using Trump for ratings.  Print and television media have been losing advertising dollars to digital media for years. 

 

Trump is a God send to them because they can attack him whipping up a frenzy of haters that will follow their vitriol. They couldn't do that during the Obama years without being accused of racism towards the first black president. Hillary would have been off the hooks to avoid the sexist label. 

Trump however is a rich middle aged white man with a colorful personality. He is fair game. He could come up with the cure for cancer and liberal media would attack him.

 

Sadly media proves again how easily they can manipulate people to believe whatever narrative they want. 

You are assuming that because Trump's base support  unthinkingly swallowed his popularist rhetoric . Therefore the rest of us must be stupid enough to blindly follow the media, not everbody is a mindless lemming !

Edited March 3, 20197 yr by joecoolfrog

Off-topic posts removed.   Please stick to the topic of tariffs.   Who people support is not a part of the discussion.

We are probably in for some of the largest gains in the history of the market very soon because of Trumps policies. I will be attacked for saying this however you can bookmark this and we can come back in 6 months and see how it went. 

 

Most of the people in these threads don't understand how it actually works and attack Trump when whether you agree with Trump or not you should become invested right now.

 

If you want to be successful you don't wait for government help and you seize the day. China doesn't like or hate Trump it's just numbers. If you live in Thailand the new green deal isn't going to change your life much. If you believe the world is going to end in 12 years... well then nothing else matters. Go out with a bang and spend it all.

Trump could completely rescind all tariffs and not just the current 25% ones that were proposed. What you would get is the single largest increase in stock market history. The left would laugh and say he had failed. Meanwhile all the smart money would be getting richer. I don't understand why certain people can't see this and sit there and complain about being poor when such great opportunity is just in front of us. 

 

 

Each month buy a share of MSFT NVDA AAPL AMT or whatever through a brokerage like Robinhood with free trades. Just one share each month. Stop blaming Trump because you squandered your nest egg in Thailand. There is still time to turn it around. If you think the dems can print 50 trillion dollars and this will somehow be meaningful to you as an expat in Thailand you are sadly mistaken.

 

If you aren't actively investing in yourself don't expect Kamala or Warren to help you. It is very easy to actively invest despite age and being in a foreign country. 

 

Sitting in a box in Pattaya lamenting Trump and wishing him ill is not doing anything to help yourself. This is why we do not see more positive opinions from expats living abroad who support the dems. It won't have any impact on their life in Thailand. So it is all attack Trump because the other side offers exactly nothing to them.

 

Because ultimately nobody on other side is going to make a meaningful change in their life. Trump said today that the dollar shouldn't be too strong. If that pisses you off it is your problem you live abroad. 

 

Neither side of the aisle has any concern about the expat in Thailand. So it is weird that people fixate so much on it. It would be much better to read the conditions in an unbiased manner and then take the steps only you can do to improve your situation.

 

TLDR

 

Trump could eliminate tariffs and trigger a huge economic boom but is likely to wait closer to re-election. A sitting president with a growing economy always crushes the opposition.

Edited March 3, 20197 yr by Cryingdick

6 hours ago, Jingthing said:

Middle aged. ????

So I have another 40 years!

An off topic post in violation of fair use policy has been removed.

2 minutes ago, EVENKEEL said:

The only thing close to a truth is the last statement about Americans. And, one of the reasons for that is their spending habits. Can't blame Trump for that. In fact, we're enjoying the lowest unemployment rate in decades.

The topic is tariffs. These people always deflect and go off topic. I mean the guy you are responding to not you. They don't really know about the topic so just start randomly ranting about whatever their fears are. Such as social security, medicare etc.

8 minutes ago, Cryingdick said:

The topic is tariffs. These people always deflect and go off topic. I mean the guy you are responding to not you. They don't really know about the topic so just start randomly ranting about whatever their fears are. Such as social security, medicare etc.

Oh you mean those tariffs that are ripping the heart out of the US farming sector.

 

The tariffs Trump is now effectively begging the Chinese to ease.

 

Trump’s ‘easily won’ trade war is the problem, not the solution.

 

 

I do think Donald is crying uncle 

Realtor vs. Diplomat/Trade Expert

 

Love how explains a "Memorandum of Understanding", as if repeating the words seven times is an explanation, along with the hand movements.

 

Love how the Chinese Trade Official laughs at trump.

 

Finally, Lightizer relents, we'll call it whatever you want boss.

 

 

 

 

 

 

 

 

 

An off topic post and the replies have been removed.