Donald Trump and Communist China have confirmed their agreement on a ‘phase one’ trade deal between the two countries, said to be inked in January.
President Trump made the confirmation in his tweet on Friday, “We have agreed to a very large Phase One Deal with China. They have agreed to many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more. The 25% Tariffs will remain as is, with 7 1/2% put on much of the remainder.”
China’s vice-commerce minister, Wang Shouwen, said in a late night briefing on Friday that the US had agreed to cancel some of its existing tariffs on Chinese goods, but did not confirm commitments to purchase US agricultural products, stating only that the country “will buy more high quality of American agricultural products” but relevant detail would be disclosed later.
Deal or No Deal
When President Trump threw out a tweet earlier this week, “Getting VERY close to a BIG DEAL with China. They want it, and so do we!”, the whole world was paying attention and the stock markets responded higher.
“Major U.S. stock indexes initially jumped following news of the deal but later gave up those gains,” this is the true response.
Although many people believe the trade talks would end up in a ridiculous way – with no practical deal, the two sides have wanted something to celebrate for the coming Christmas and 2020 New Year. President Trump has delivered this only for a good wish.
Trump made the latest remarks while meeting with President Abdo Benítez of the Republic of Paraguay at the Oval office on December 13, “We have — the China deal, as you know, it was just approved a little while ago. And it’s — to me, it’s not complicated, but that’s what I do. It’s a phenomenal deal. The tariffs will largely remain at 25 percent on $250 billion. And we’ll use them for future negotiations on the phase-2 deal, because China would like to see the tariffs off, and we — we’re okay with that. But they’ll be used as a negotiating table for the phase two deal, which they would like to start immediately, and that’s okay with me. We were going to wait until after the election, but they’d like to start them sooner than that, and that’s okay. So we’ll start that negotiation soon.”
Trump said, “This is a very large deal — the China deal. It covers tremendous manufacturing, farming — a lot of rules, regulations. A lot of things are covered. It’s a phase one deal, but a lot of big things are covered. And I say, affectionately: The farmers are going to have to go out and buy much larger tractors because it means a lot of business — a tremendous amount of business.”
From the China side, or the CCP leadership to be exact, any purchase or trade activity is no longer of much significance. They know this is an image project and they need it to prolong its life.
A “historic and enforceable agreement” had been reached that would require China to make structural reform and change its trade practices in the areas of intellectual property, technology transfer, agriculture, financial services and currency, the United States Trade Representative’s Office confirmed in a statement.
Commerce Secretary Wilbur Ross responded with his tweet, “Historic achievement for the United States and President @realDonaldTrump! Enforcement is key in this deal with China and I’m proud of this Administration’s work to make trade work better for Americans.”
We know that the CCP regime would not enforce the terms next year although they are enforceable. Because that will mean Xi Jinping surrenders.
His Chinese counterpart Wang Shouwen said the two sides had agreed on the text of a nine-chapter agreement covering intellectual property, technology transfers, agricultural products and dispute settlement among other topics. Wang also said both sides would need to go through legal checks, translations, and arrangements for an official signing ceremony.
According to CNBC, the agreement still needs to go through legal procedures as Washington and Beijing work toward setting a time for inking it. Speaking to reporters later Friday, U.S. Trade Representative Robert Lighthizer said the U.S. and China aim to sign the agreement in January in Washington.
There will still be a month before the signing ceremony which I think impossible to happen. Trump knows it and Xi knows it too.
With a deal, the CCP regime dies gradually; without a deal, the CCP regime dies instantly. Either way, it is doomed.
For the time being, this is part of the game.
The Fake News
The Wall Street Journal was the first to report on the news of a mutual deal. Why is the WSJ is so positive, more eager than Xi Jinping to hope for a deal?
The WSJ is only a running dog of Chinese Vice-President Wang Qishan, who is actually the number one behind the whole of Wall Street.
President Trump tweeted against WSJ, “The Wall Street Journal story on the China Deal is completely wrong, especially their statement on Tariffs. Fake News. They should find a better leaker!”
The United States is a country with complete freedom of speech, but like it or not, many Americans have become blind because of decades of “brainwash” by the Communist propaganda machine from China. Many of the US mainstream media have been looking for food in the ass hairs of the CCP dictatorship.
Donald Trump is actually right to say that “The News Media in our Country is FAKE and in many cases, totally CORRUPT!”
Surely there are few exceptions like Fox News as Trump has said, “Congratulations to @foxandfriends on being named, BY FAR, the Number One Rated cable news show. CNN and MSNBC have totally tanked, their ratings are terrible. They have zero credibility!”
The most ugliest media outlet is no doubt Bloomberg who has always been kissing the ass of the Communist Dictatorship. “How real news is worse than fake news” is truly the motto of Michael Bloomberg. Shame for him!
Bloomberg has been the most active to report and hope for a trade deal between the United States and Communist China as it can continue to make dirty money with the most corrupt and scandalous Wang Qishan.
Take a look at the following headlines and news summaries of active Bloomberg in covering the trade talks in the past few days:
“Trump’s China deal flirts with the curse of a phase one and done”; “President Donald Trump signed off on a phase-one trade deal with China, averting the Dec. 15 introduction of a new wave of U.S. Tariffs”; “China and the U.S. agreed on the text of a phase one trade deal that includes the removal of tariffs on Chinese goods in stages”.
Bloomberg looks happier than Xi Jinping with the “empty deal”. But instantly, it questions itself, “We’ve got a trade truce, sort Of. Now what?” “U.S.-China deal spurs relief and more questions for farmers”; “It’s not that big, or even much of a deal, and wasn’t worth the pain. But it’s better than nothing.”
With his fake news, Michael Bloomberg is not only the enemy of China and the Chinese people, but he is also the enemy of the American people.
Bloomberg shall never be the President of the greatest country on earth.
by Cloudy Seagail