White House Statement: Interim Agreement Between President Trump and Chairman Xi…

Statement from the White House Press Secretary Regarding The President’s Working Dinner With China:

“The President of the United States, Donald J. Trump, and President Xi Jinping of China, have just concluded what both have said was a “highly successful meeting” between themselves and their most senior representatives in Buenos Aires, Argentina.

Very importantly, President Xi, in a wonderful humanitarian gesture, has agreed to designate Fentanyl as a Controlled Substance, meaning that people selling Fentanyl to the United States will be subject to China’s maximum penalty under the law.

On Trade, President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10% rate, and not raise it to 25% at this time. China will agree to purchase a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial, and other product from the United States to reduce the trade imbalance between our two countries. China has agreed to start purchasing agricultural product from our farmers immediately.

President Trump and President Xi have agreed to immediately begin negotiations on structural changes with respect to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft, services and agriculture. Both parties agree that they will endeavor to have this transaction completed within the next 90 days. If at the end of this period of time, the parties are unable to reach an agreement, the 10% tariffs will be raised to 25%.

It was also agreed that great progress has been made with respect to North Korea and that President Trump, together with President Xi, will strive, along with Chairman Kim Jong Un, to see a nuclear free Korean Peninsula. President Trump expressed his friendship and respect for Chairman Kim.

President Xi also stated that he is open to approving the previously unapproved Qualcomm-NXP deal should it again be presented to him.

President Trump stated:

“This was an amazing and productive meeting with unlimited possibilities for both the United States and China. It is my great honor to be working with President Xi.”  (Link)

 

 

This entry was posted in Auto Sector, China, Communist, Donald Trump, Economy, media bias, President Trump, Press Secretary - Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

274 Responses to White House Statement: Interim Agreement Between President Trump and Chairman Xi…

  1. Arthur says:

    That is great. It really is. It also won’t matter a bit in a short while, as all economic changes or achievements are very easy to reverse.
    And reversed will be once the leftards will get the whole power. Which they mathematically will, due to demographics. Half the kids under 12 are minorities. Illegal immigration, chain migration are as high or higher as they’ve ever been. We all know who they’ll vote for.

    Taxes go up, taxes go down. Trade deals change this way or the other. But the fabric of a society, its culture and norms are in one direction only and that’s all that matters.

    The one and only change that’ll last for generations is on immigration. Demography is destiny.
    And there Trump’s achievements are null, zip, nada. He gave Ryan & McDonnell all they wanted and he got nothing for his agenda. They played him “like a baby” as Trump likes to say.

    Then they let him to hang high and dry to every Mueller whim. They even kept the Senate in continuous session, his own party, so he can’t have recess appointments for his cabinet.

    They gave a pittance of 1.6 Billion for border, PROHIBITING him to use any of it for his wall.

    And he rolled over and took it all, like a pathetic weakling. I’m not impressed.

    Like

    • covfefe_USA says:

      Romes wasn’t built in a day, ‘bro’.

      Liked by 2 people

      • Arthur says:

        That is true, but it was built. Betcha that after 2 years you could’ve seen lots of it built already.
        Donald’s wall, immigration reform & drain the swamp ? Not so much.

        Like

    • Attorney at Law says:

      You didn’t mention that Trump WON Presidency with the extreme fraud against him, yet still became 45. Who did you vote for, I don’t need an answer, your comment suggests everything I need to know.

      MAGA

      Liked by 3 people

      • Arthur says:

        His winning of the Presidency was nothing short of a miracle.

        Don’t remember the “we want tax cuts” or “we want out of Paris accord” chants at his rallies though.

        More like “Build the Wall” and “Lock Her Up” won the election.
        And there, Donald “Clintons are good people I don’t want to hurt them” and Donald “DACA kids are terrific” and Donald “I’ll sign 4 spending bills without a wall in them” failed miserably.

        Like

        • skifflegirl says:

          I understand skepticism. Many people proudly say they supported Trump for President the minute he came down the escalator in June 2015. It took me a little while longer, just to see if he was seriously in it to win it.

          Having said all that, the comment he made about Clinton was directly after he won the election. If the reports that I’ve heard are accurate, he knew that the Clinton mafia was not going to retreat if he immediately called for her arrest so, as I understand it, he was signalling, ‘go away and call off your dogs, let me MAGA and I’ll let it go. High profile trials would tank the stock market and hurt the country.’ That was November 2016.

          She and her vast syndicate of ‘guilty as sin’ criminal elements in Obama’s embedded stay-behind networks didn’t let it go. Then Sessions lobbied for AG and stupidly recused himself. The media brainwashed half the country for 2 years with one anti Trump conspiracy after another.

          Frankly, I’m surprised he gets anything done.

          Yet President Trump has seemingly endless opposition from GOP and Dems alike, but beyond all odds he has focused on job one, the thing that may single handedly save America: unleash the economy through deregulation/trade and save the middle class.

          President Trump does not have control of the US Govt. He has control of segments of it. I get to the point of feeling like it’s just too damn corrupt and can’t be salvaged without another 1776. I tune out news and social media for a week here and there. But I believe in President Trump’s abilities to do what seems to be impossible. And I believe he was risen up by God at this moment n history as our last, best chance at redemption.

          So there’s that.

          Merry Christmas. God bless America.

          Liked by 1 person

    • Ron Jaeger says:

      In the coming six years of massive job increases at home and self deporting Mexicans going home to new higher paid jobs combined will change how Americans and middle class democrats ( white & blue collar ) see their future politically speaking . By then they will KNOW they were screwed by rinos and libs on Nafta and all the rhetoric associated with their supposed (free trade ) . It is already in the works that is why Trump won and will win again . His track record is speaking for itself no matter how much cold water you are throwing on it .

      Liked by 1 person

  2. dustahl says:

    You ,Arthur , left out the 1000 plus great things that Trump has done, battling all the while against globalist forces and constant propaganda, Most , thoughtful, people are impressed

    Liked by 1 person

  3. Palmettoman says:

    One would think that a President so encumbered by investigations, etc. at home wouldn’t have much success with foreign leaders. Those same foreign leaders would take advantage of the weakened POTUS since he would be desperate for a “win”.

    The incredible success that POTUS is having with MAGA tells me these foreign leaders know things that we don’t know and PT is, in fact, negotiating from a position of strength.

    To me, this is very encouraging.

    Liked by 3 people

  4. Larry says:

    Pork prices are important to Chinese domestic politics.
    https://globalnews.ca/news/4670476/china-swine-fever-crisis-canada/

    I’m thinking China is about to go through some rough patches over the next 90 days. I think face has been saved to shore up Chinese domestic food consumption. I also expect China to run out the clock.

    Like

    • Jan says:

      This is still a big win for soybean farmers and storage facilities and soy is very important to China to feed the masses. But you’re right, China has rough patches coming up that will force them to be more pliable. They’ve got Chinese companies who are going to default on some major dollar debt, as well as a shrinking GDP. And they can’t totally use North Korea as their “bad” boy to beat up on the US, they’re losing money in Venezuela & other countries, and their partner, “Russia” is causing problems with its Ukraine aggressions.

      Like

  5. tpinlb says:

    President Trump is a good negotiator who will no doubt open more markets in China to US products. But the Chinese leaders are working from the view of the One Hundred Year Marathon (see Michael Pillsbury) to reestablish China as world leader by 2049. President Trump should have our government finance major infrastructure development of great new water and advanced nuclear power projects to increase the economic strength of our nation, as the Chinese are doing for themselves.

    Like

  6. jeans2nd says:

    There are those today that are arriving at their own conclusions that the “Trade War” has been called off, or at least postponed.
    Neither of these are quite accurate. imo

    Yes, this is most definitely a win for the U.S. China seems to have won little, if anything at all.
    But SecDef Mattis may be closest to the mark, in his speech and Q & A with Brett Baier at the Reagan Defense Forum this weekend.

    SecDef Mattis remarked that he, SecDef Mattis. believed, paraphrased, that Pres Trump’s legacy will be remembered long after Pres Trump’s tenure, not for the obvious victories over China (and others), but with the change in the behavior of China. The same as Pres Trump’s desire not for regime change in Iran, North Korea, or even Russia, but for behavior change in said regimes.

    That seems to me to define Pres Trump’s actions. Carrot and stick, small steps at a time. Hence the 90-day “negotiation period” as opposed to worrying over arrangement of words on a piece of paper to be argued in the World Court.

    Or, as a wise person here has said, moving the location of the cheese in the maze. Behavior changed, the prize is attained, for both sides.

    Liked by 2 people

    • Stillwater says:

      “That seems to me to define Pres Trump’s actions. Carrot and stick, small steps at a time. Hence the 90-day “negotiation period” as opposed to worrying over arrangement of words on a piece of paper to be argued in the World Court.

      Or, as a wise person here has said, moving the location of the cheese in the maze. Behavior changed, the prize is attained, for both sides.”
      __________________
      How do you boil a frog? By slowly turning up the heat.

      Trump is slowly ratcheting up tariffs and other pressures. He is surrounding/influencing China and China’s behavior with the multiple “Squeezes” Sundance talks about.

      It reminds me of the Chinese game, “Go”, where the object is to surround the other persons stones and capture territory. It’s not immediately apparent what is happening as early battles appear to be losses until much later when the opponent’s stones are surrounded and territory is captured. (I’ve only played a little bit years ago so I don’t remember the specific rules.)

      Like

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