Trump's Trade Follicy

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RTH10260
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Re: Trump's Trade Follicy

#2376

Post by RTH10260 » Tue Oct 15, 2019 5:36 pm

Not surprised, Teh Donald hears and remembers what he likes, no attention span when his staff explains the nitty gritty details to him. Then he blasts off on his twit machine shouting out what he thinks *he* achieved. That's not how bilateral talks work. Keep quiet until the final paper is produced, don't think you can bully the other party by leaking inaccurate details. Your official voice may spoil whatever the trade talks team has achieved cause you oppose intermediate results. :blackeye:

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Notorial Dissent
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Re: Trump's Trade Follicy

#2377

Post by Notorial Dissent » Tue Oct 15, 2019 10:54 pm

An old boss of mine used to say that "it ain't a deal until it is on paper and signed and sealed and money has changed hands, and even then maybe not" he was a smart man, Der Trumpenfürhrer isn't a smart man. More likely he's just getting played again.
The fact that you sincerely and wholeheartedly believe that the “Law of Gravity” is unconstitutional and a violation of your sovereign rights, does not absolve you of adherence to it.

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Re: Trump's Trade Follicy

#2378

Post by RTH10260 » Thu Oct 17, 2019 8:07 pm

Trump's promises on "phase 1" deal with China fall flat

It's been a week since President Trump touted his "phase 1" partial trade agreement with China as the greatest-ever deal for U.S. farmers — but China isn't endorsing his promises.

Where it stands: China has not confirmed Trump's claim that it will buy $40 billion–$50 billion worth of U.S. agricultural goods, and it says a final deal would require the U.S. to cancel all existing and future tariffs, CNBC reports. No final decision has been reached to determine if the U.S. will push tariff increases scheduled for Dec. 15.

Gao Feng, China’s Ministry of Commerce spokesperson, did not say when the partial trade agreement between China and the U.S. would be signed or when future meetings on the unwritten plan will be held, per CNBC.

Gao also said that China would increase U.S. agricultural purchases based on market needs, but he did not specify figures.

A U.S. trade representative spokesperson told the Washington Post that China had committed in the partial deal to buy $40 billion–$50 billion a year, “scaling up over two years."

The impact: Farmer subsidies from the Trump administration aimed at mitigating the effects of the U.S.-China trade war reached $28 billion in September. U.S. farmers' personal income declined by an annualized $11.8 billion between January and March this year — the biggest Q1 drop in 3 years.


https://www.axios.com/us-china-trade-de ... 236b8.html

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Re: Trump's Trade Follicy

#2379

Post by RTH10260 » Tue Oct 22, 2019 2:54 pm

ARIRANG NEWS wrote:Revised S. Korea-U.S. free trade deal looks better than expected: Trump

Published on Oct 21, 2019
트럼프, '개정 한미FTA'에 "우리 생각보다 훨씬 좋게 됐다"

U.S. President Donald Trump says the revised South Korea-U.S. free trade agreement is a fantastic one for Washington,... adding it looks even better than he had envisioned.

Speaking to reporters on Monday ahead of a Cabinet meeting,... Trump also lashed out at the former Obama administration for signing what he called a "horrible" trade deal for the United States.

Trump also said he has made great achievements on North Korea,... explaining that Washington would have been in a great war with the regime if he were not in the White House.

President Trump again reiterated that he has a very close relationship with the North Korean leader,... and it's a relationship based on mutual respect.

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Volkonski
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Re: Trump's Trade Follicy

#2380

Post by Volkonski » Wed Oct 30, 2019 8:21 pm

Shawn Donnan
@sdonnan
·
2h
Gulp...

“Almost 40% of projected farm profit this year will come from trade aid, disaster assistance, federal subsidies and insurance payments, according to the report, based on Department of Agriculture forecasts. That’s $33 billion of a projected $88 billion in income.”
Quote Tweet

Bloomberg Economics
@economics
· 2h
U.S. farm bankruptcies surged 24% in September, to the highest since 2011, amid the trade war and a year of wild weather https://bloom.bg/2NpSsp8
Image“If everyone fought for their own convictions there would be no war.”
― Leo Tolstoy, War and Peace

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Re: Trump's Trade Follicy

#2381

Post by Foggy » Thu Oct 31, 2019 6:41 am

Does Donnan (and whoever he's quoting) not know the difference between profit and income? :blackeye:
I put the 'fun' in dysfunctional.

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Re: Trump's Trade Follicy

#2382

Post by Volkonski » Fri Nov 01, 2019 1:19 pm

Reuters
@Reuters
·
21m
China may impose $3.58 billion in annual trade sanctions on U.S.: WTO panel https://reut.rs/2NyV5ou
Image“If everyone fought for their own convictions there would be no war.”
― Leo Tolstoy, War and Peace

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Re: Trump's Trade Follicy

#2383

Post by RTH10260 » Fri Nov 01, 2019 4:01 pm

China told the WTO in September 2018 that it had suffered $7.043 billion in damages annually due to U.S. anti-dumping duties ruled illegal by a WTO panel in 2016 and later upheld. China therefore requested permission to raise trade barriers on U.S. goods to the same amount, as allowed under WTO rules.
It was all Obamas fault!

Will dotus now leave the WTO :?: :twisted:

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Re: Trump's Trade Follicy

#2384

Post by RTH10260 » Thu Nov 07, 2019 11:28 pm

U.S. and China Agree to Roll Back Some Tariffs if Deal Is Struck
The development suggests progress toward an interim agreement that would provide relief to businesses and consumers.

By Ana Swanson, Keith Bradsher and Alan Rappeport
Nov. 7, 2019 Updated 9:00 p.m. ET

WASHINGTON — The United States and China have agreed that an initial trade deal between the two countries would roll back a portion of the tariffs they are placing on each other’s products, officials from both countries said, a significant step toward defusing tensions between the world’s largest economies.

The agreement has not yet been completed, and a deal could fail to materialize as it has in previous rounds of negotiations. But if a pact is reached, the Trump administration has committed to cutting some tariffs, American officials and other people with knowledge of the negotiations said.

This is the first time the administration has agreed to remove any of the tariffs it has placed on $360 billion worth of Chinese goods. While President Trump canceled a planned tariff increase in October, he has routinely dangled the prospect of additional taxes if Beijing does not accede to America’s trade demands.


https://www.nytimes.com/2019/11/07/busi ... trump.html

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