China to buy $50 billion in U.S. farm products in return for tariff concessions-U.S. sources

[TopDeadSenter]

Are you guys kidding? Selling soy to the Chinese is like selling sand to the Arabs. Who needs a "magic wand" when you mastered the art of the deal? Incredible work.

[Eric Loh]

Looks like Beijing is baffle by Trump’s enthusiasm or rather got use to his continuous lies. 

 https://www.channelnewsasia.com/news/asia/china-coy-donald-trump-big-trade-deal-annoucement-12182462

[Srikcir]

This is not a "done deal" and might just be a Chinese feint to buy time to permanently replace US agricultural imports:

• As Beijing redraws its agricultural supply lines amid the trade war, US farmers may have lost their China market share for good. https://www.scmp.com/comment/opinion/article/3041285/beijing-redraws-its-agricultural-supply-lines-amid-trade-war-us

 

[Laza 45]

News of the deal has done the $Au a bit of a treat.. lets hope it lasts..

[xylophone]

9 minutes ago, TopDeadSenter said:

when you mastered the art of the deal? Incredible work.

LOL.......he has trouble mastering the art of a having a cr@p!!

 

Closer inspection of the deal, or soon to be deal, will show that nothing has been gained since he started this whole ruckus and farmers and many others in the US have been damaged/hurt by his policies, and if indeed some of these come to fruition, they may well be nearly back to square one – – so nothing achieved really, just hurt, financial pain and hot air, all because he has a need within himself that has to be fulfilled and he is as dumb as a bag of rocks.

And for the uninitiated, the US has been selling soy to China for years, for feeding livestock etc.
 

[Cryingdick]

11 hours ago, Tug said:

Good but sadly lo late for many farm families 

 

This isn't farm families. This is agro-biz. Corporations that own square miles of land and multi-million dollar machines that harvest. Somehow tears always well up for the 'farmers'. 

 

So the dems always say the poor 'farmers' and then they talk about how farming needs to be stopped, beef is killing the planet, climate change (ethanol), tax soda (corn syrup) and plan to basically bankrupt those 'poor farmers'. 

 

This is not impacting the guy with a 40 acre spread selling eggs at the market locally. 

 

[Catoholic]

11 hours ago, HuskerDo said:

 [Chinese] citizens have a high tolerance threshold of pain and suffering

the Chinese political/ruling class do not value human life. Having a high pain threshold just means spending more time in agony before your death.  Would love to see what would happen to Greta if she were to attack China who is arguably the world's biggest polluter ...

[Scott]

Racist post removed.  

 

[HuskerDo]

14 hours ago, wwest5829 said:

Oh, good. No damage due to the trade wars. I was so confused by the facts.

Yea, the "facts" that CNN shares causes a lot of confusion.

[HuskerDo]

14 hours ago, spidermike007 said:

The man who cannot negotiate his way out of a paper bag, has agreed to end the trade war with China, over an agreement to buy a measly $25 billion in additional agricultural products from the US? I knew this would end badly. Trump is caving, as he is pathologically fearful of losing the election in 2020. Xi got over on him, as did Kim, Putin, MBS, and nearly everyone else he has attempted to negotiate a deal with. He is a two bit deal maker, who is fairly adept at doing a deal on a 15 unit apartment building, or selling condos to Russian gangsters. Anything else, and he is in way over his head. Many of us knew he would get his butt kicked by China. But who thought is would be this gruesome? 

I'm sorry but are you referring to Trump or those that came before him?

 

A MEASLY $25 billion in AG products? Did you say MEASLY? Have a chat with the farm community and get back to me on that one. 

[4MyEgo]

22 hours ago, HuskerDo said:

Now on to phase 2.

Phase 1 won't go ahead, it's just Trump trumping away, the Chinese will outfox him in the end.

[4MyEgo]

21 hours ago, HuskerDo said:

"how many US jobs have been lost due to the Trade War?"..... so far this year around 2 MILLION additional jobs added. Any more questions?

Delusions of grandeur, more like 300,000 jobs lost, up to 450,000 jobs by year end and could increase to 900,000 jobs if a solution is not forthcoming, read on......

 

https://www.cbsnews.com/news/trumps-trade-war-squashed-an-estimated-300000-jobs-so-far-moodys-estimates/

 

 

[justin case]

so china has to buy monsanto sprayed GMO crops, they can just resell to thailand

[zydeco]

There is no deal. Terms will not made public. Each side will sign its own version of the "deal." Signing is supposed to be in January. All this was announced in October, remember, and was supposed to be signed then. There is no enforcement provision. All China does is to promise and try to hit buying targets. Trump OTOH has cancelled one set of tariffs and reduced an earlier set of tariffs. All for promises. China has made promises for the same things since Bill Clinton. And they never fulfill them. Trump traded his tariff leverage for nothing. US Trade Negotiator Lighthizer in fact says China only promised to buy $32 billion over two years. That is $1 billion less per year than they bought in 2017. Fat man was rolled.

[Cryingdick]

16 hours ago, HuskerDo said:

C'mon. Even a blind person could find this easily Google-able info. 

 

It's funny how hearsay is acceptable at a presidential level for some people. Then on an informal forum they want verifiable facts. lol You should be able to simply say you overheard it on a phone call and that should be good enough.

[Cryingdick]

13 hours ago, zydeco said:

There is no deal. Terms will not made public. Each side will sign its own version of the "deal." Signing is supposed to be in January. All this was announced in October, remember, and was supposed to be signed then. There is no enforcement provision. All China does is to promise and try to hit buying targets. Trump OTOH has cancelled one set of tariffs and reduced an earlier set of tariffs. All for promises. China has made promises for the same things since Bill Clinton. And they never fulfill them. Trump traded his tariff leverage for nothing. US Trade Negotiator Lighthizer in fact says China only promised to buy $32 billion over two years. That is $1 billion less per year than they bought in 2017. Fat man was rolled.

 

That's a heap of opinionated speculation unless you have inside info on any of this. 

[Roadman]

On 12/13/2019 at 3:22 PM, HuskerDo said:

Floundering and ceding? No, you meant to say he's "succeeding". No floundering either. Just protecting the folks that elected him. Sure the farmers had to wait a while for it  to get done but negotiations (real and good ones) take time. Trump delivered. Now on to phase 2.

 

 

Lol...succeeding is gaining back the farm produce sales that the Chinese were previously buying from American farmers at their own free will. Meanwhile in other areas American producers have lost Chinese market supply share as other countries have stepped in to supply the Chinese.  

[bendejo]

On 12/13/2019 at 12:16 AM, zydeco said:

Yea, a list of failure:

North Korea

Venezuela

The Wall

DACA

Immigration moratorium

5 percent reduction in the deficit (BIGGEST LAUGH OF ALL!)

Budget sequester (LOL)

Birthright Citizenship Executive Order

Mexican Cartels designated as terrorist Executive Order

On and on and on and on.

Failure.

And people praising him for his success.

Remember the tariffs on steel and aluminum?  Check the stock prices of US Steel Corp (X) and Alcoa (AA) over the past 2 years to see how well that went.

 

Not to distract, but Moscow Mitch is bringing in a Russian metals company (Rusal) to his home state of Kentucky.  How's that for patriotism? 

 

 

[bendejo]

If there is one take away from the Ukraine scandal, it's that DT doesn't actually care about what is done, he's all about what he calls the optics.  He didn't care if Zelensky opened those inquiries, he just wanted him to say he was. 

Same here: he announces trade war victory over China, Fox News broadcasts it, and truth be damned.

 

But what about trade with China post-2020?  China has penned agricultural import deals with other countries, such as Brazil.  Remember all those forest fires recently?  That was land being cleared for growing soybeans to fulfill the China deals.  So yeah, China will buy US soy through next year but that could drop sharply when the boatloads from Brazil start arriving.

 

 

[simple1]

4 hours ago, JHolmesJr said:

 

LOL...I'll believe the November jobs report over some biased study publicised by a Dem mouthpiece.

LOL - usual highly partisan nonsense encouraged by trump the destroyer.

[neeray]

On ‎12‎/‎12‎/‎2019 at 9:02 PM, Eric Loh said:

The greatest self proclaimed deal maker is floundering and ceding to the Chinese. Whatever the outcome, it will take time for Chinese customers to be confident that an impulsive and erratic Trump may again throw another tantrum in future trade relationship. Trade don’t work well with uncertainty in mind. 

But, but, but .... Trump said trade wars are easy to win !

[neeray]

On ‎12‎/‎13‎/‎2019 at 1:19 AM, Sakeopete said:

More than can be said about previous administrations that sat on their hands while China became an economic giant at America's expense. 

You haven't been following world events too well.

China became an economic giant long before the last administration.

After Nixon opened the door, greedy western manufacturers started packing up their production equipment and sending it to China for operation by cheap labour.

[sanemax]

14 minutes ago, neeray said:

greedy western manufacturers started packing up their production equipment and sending it to China for operation by cheap labour.

Although the Westerner public  that bought those cheap Chinese goods were also pleased with the cheap price

[Scott]

Troll posts and replies removed.   You may stop with the needless baiting and bickering.  

 

[zydeco]

This No Deal Deal is just Trump's way of surrendering to China. He'll now do just like he has done with all his other failures. He'll stop talking and tweeting about it. It will be wiped off the agenda. The same way we no longer hear about The Wall, Venezuela, North Korea, Immigration, the budget deficit. Remember how all those things were front and center and just disappeared off the screen? Trump will now manufacture another crisis to try and take everyone's mind off his latest trade failure. And most of his lemmings will be there saying, "yep, yep, yep."

[xylophone]

10 hours ago, neeray said:

greedy western manufacturers started packing up their production equipment and sending it to China for operation by cheap labour.

Just like the fat man and his folks did........want to buy a MAGA cap going cheap!

[shenanigans997]

On 12/13/2019 at 10:05 AM, simple1 said:

Where is the win? US AG sector has cost the US tax payer $28 billion in subsidies since the beginning of the Trade War, how many US jobs have been lost due to the Trade War? Plus untold billions in increased costs for retail domestic buyers. Plus currently no resolution for the primary points of contention.

Really, you need to go back and look at the latest economic data, in particular the employment report, the tariffs have had no discernible impact in the states outside of farmers which have temporarily been subsidized. I would have preferred he just increase the tariffs to the point US corporations are forced to develop supply chains outside of China...there will never be fair trade with China.  

[simple1]

55 minutes ago, shenanigans997 said:

Really, you need to go back and look at the latest economic data, in particular the employment report, the tariffs have had no discernible impact in the states outside of farmers which have temporarily been subsidized. I would have preferred he just increase the tariffs to the point US corporations are forced to develop supply chains outside of China...there will never be fair trade with China.  

US numbers show trump tariffs on China so far has cost the US taxpayer approx US$80+ billion plus job losses. How long will it take to recoup the losses. trump Administration is well known to make misleading and false claims so what are the documented T&Cs the Chinese have allegedly agreed? Some US corporation have shifted some production to countries such as Vietnam, what is the net benefit to the US tax payer? BTW has the trump family ceased offshoring production of goods for their businesses? To add even after his election trump was still employing illegals, the man is a conman and criminal.

[zydeco]

And while Trump was folding on the trade deal, the Chinese have been expanding their inflitration of American military bases, educational institutions, and research facilities. Apparently, the Trump administration kept it all under wraps, afraid to publicly embarrass the Chinese. 

Quote

The base intrusion took place in late September on a sensitive installation near Norfolk, Va. The base includes Special Operations forces, said the people with knowledge of the incident. Several bases in the area have such units, including one with the headquarters of the Navy’s elite SEAL Team Six.  Chinese citizens have been caught not just wandering on to government installations but also improperly entering university laboratories and even crossing farmland to pilfer specially bred seeds. In 2016, a Chinese man, Mo Hailong, pleaded guilty to trying to steal corn seeds from American agribusiness firms and give them to a Chinese company. Before he was caught, Mr. Mo successfully stole seeds developed by the American companies and sent them back to China, according to court records. He was sentenced to three years in prison.   https://www.msn.com/en-us/news/world/us-secretly-expelled-chinese-officials-suspected-of-spying-after-breach-of-military-base/ar-AAK8JgO

 

[Traubert]

3 hours ago, zydeco said:

And while Trump was folding on the trade deal, the Chinese have been expanding their inflitration of American military bases, educational institutions, and research facilities. Apparently, the Trump administration kept it all under wraps, afraid to publicly embarrass the Chinese. 

 

Allowing foreign nationals to inflitrate your military bases is just criminally careless.