Brilliantly Played – President Trump and USTR Lighthizer Present “Phase One” U.S-China Trade Deal…

It is exactly as we thought it would be.  There are multiple interests, nuances in details, a completely overlooked big picture, and the financial pundits are flummoxed.

CTH has followed the granular details over several years. In advance of a “phase one” announcement we noted a necessary paradigm shift needed to understand most of the dynamics at play [SEE HERE]. It is all going according to a very visible plan.  President Trump tweets:

China has agreed to a $40 billion agricultural purchase from the U.S.  In exchange for that purchase President Trump will be maintaining the full 25 percent tariffs on approximately $250 billion of Chinese imports and reducing to 7.5 percent the tariffs on approximately $120 billion of Chinese imports (round two).  [Those were 15% prior to reduction]

The net difference (dropping 15% to 7.5%) is around $9 billion in tariff relief.  Additionally, the U.S. is “suspending” the December 15th tariffs pending compliance verification with the non-tariff issues and China pledges.

Beijing has agreed to allow U.S. banks access to their financial markets, reform their behavior on IP theft, stop the forced transfer of technology and, according to their *promises*, allow exclusive ownership of U.S. businesses within China.  These are the non-tariff issues.  However, these are *promises*, and Trump/Lighthizer are well aware Beijing lies as a competitive strategy.  Hence, the tariff hammer remains.

This is where the U.S. reviewer paradigm shift is needed.  Remember:  “There is no actual intent to reach a trade deal with China where the U.S. drops the tariffs and returns to holding hands with a happy panda playing by new rules. This fictional narrative is a figment of fantasy being sold by a financial media that cannot fathom a U.S. President would be so bold as to just walk away from China.”

President Trump doesn’t necessarily want China to comply with Western perspectives on free, fair and reciprocal trade.  He doesn’t want it not to suck doing business in China.  The goal of decoupling the U.S. from China is easier if U.S. companies are abused by China.  In the bigger picture President Trump wants the U.S. companies to leave.

The decoupling is already underway, and President Trump is creating new supply chains and manufacturing opportunities within the USMCA.  Business reform in China actually works against these objectives.

Based on history China won’t reform, Trump knows that, and everything over the past three years has been a set of parallel objectives.  Provide Beijing the opportunity to reform and stop their manipulative practices… BUT plan for them to do nothing.

USTR Robert Lightizer outlines their promise:

Washington, DC –  The United States and China have reached an historic and enforceable agreement on a Phase One trade deal that requires structural reforms and other changes to China’s economic and trade regime in the areas of intellectual property, technology transfer, agriculture, financial services, and currency and foreign exchange.

The Phase One agreement also includes a commitment by China that it will make substantial additional purchases of U.S. goods and services in the coming years.  Importantly, the agreement establishes a strong dispute resolution system that ensures prompt and effective implementation and enforcement.  The United States has agreed to modify its Section 301 tariff actions in a significant way.

The United States first imposed tariffs on imports from China based on the findings of the Section 301 investigation on China’s acts, policies, and practices related to technology transfer, intellectual property, and innovation. The United States will be maintaining 25 percent tariffs on approximately $250 billion of Chinese imports, along with 7.5 percent tariffs on approximately $120 billion of Chinese imports.  (read more)

Beijing has promised changes to intellectual property, technology transfer, agriculture, financial services, currency and foreign exchange. Additionally, Beijing has pledged a $40 billion agriculture purchase.

In exchange President Trump is willing to give up $9 billion in tariffs (15% lowered to 7.5%) and suspend further tariffs pending verification of the Beijing promises.

That’s it.

Economically in the deal, President Trump gains a net $40 billion for U.S. farmers; and gives up $9 billion in tariffs.  From that point everything, including any other possible trade agreement (phase 2, 3 etc.), is contingent on Beijing complying with their promises.

SUMMARY: Tariffs and decoupling will continue; exactly as expected:

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This entry was posted in Big Government, China, Communist, Deep State, Donald Trump, Economy, media bias, Notorious Liars, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

167 Responses to Brilliantly Played – President Trump and USTR Lighthizer Present “Phase One” U.S-China Trade Deal…

  1. They say a picture says more than a thousand words, therefore I direct your attention to the pic sundance provided at the bottom with Trump look back at Lighthizer and Mnuchin, he is looking back at them saying I TOLD YOU SO and they are saying you were right all the time, whereas the king of China and his rep are saying HE WAS RIGHT ALL THIS TIME!

    Liked by 18 people

    • rondonmonson says:

      I agree with Sundance…….BUT………If China are smart they will understand what Sundance does and understand they must MOVE NOW into the modern ways of the world or risk losing everything to this savage beast of a man named Trump.

      The fact that China WANTED to initiate the 2nd phase immediately tells me MAYBE, just maybe they are serious, they probably understand Trump will be elected, they Impeachment is not going to happen, Trumps numbers are rising, there cards are not good enough, its time to FOLD and get a new hand.

      We’ll see, either way, Trump and the UDSA wins.

      Liked by 7 people

      • pyromancer76 says:

        Maybe this will happen. However, I don’t believe the Chinese (in their communist state of mind) are capable of this kind of sophisticated thinking and following through. I am willing to be surprised, but I would much rather they fail and massive tariffs begin to win back what they stole over 30 years (damn our feckless, criminal past presidents).

        Like

        • Conservative_302 says:

          I agree. Arabs will be Arabs. The Chinese will be the Chinese. It’s not good or bad, it’s just what it is. I’d say the say about our country, but president Trump is a game changer. He rocks!

          Liked by 1 person

        • noswamp says:

          The Chinese are atheists. They live in the moment. They will do and say anything to get relief for their spiraling downward economy. And they will never enforce IP theft. So this should be interesting. I feel that beginning December 2021, Trump will reimpose tariffs and everything will be unraveled. In my mind at least Trump is giving the IC’s time to get out while the getting is good. Those American companies that stay will pay a steep price.

          Like

      • Dutchman says:

        China, AS IT EXISTS NOW, with CCP rule CAN NOT really comply with PDJT ‘s demands. To do so would destroy their system, and their control.

        PDJT knows this. Xi knows this, and by now knows that PDJT knows this. All the rest is making nice for the cameras, and maintaining the illusion, to support the fantasy.

        Decoupling takes time. China will reneg, as from their point of view they have no choice.

        Then PDJT, probably after the election, will say “I gave them every opportunity, but here they go, cheating AGAIN.
        I have no choice, but to lower the hamner.”

        Liked by 2 people

    • WSB says:

      One of my favorite photos.

      Liked by 5 people

  2. alligatriot says:

    Who knew “The Art of the Deal” was – made in China!

    Exalted Leader Xi was happy when he saw his stocking all full – he’s just now realizing it’s filled with American lumps of coal.

    Liked by 3 people

  3. TarsTarkas says:

    But but muh China!

    McConnell must recuse from Trial! Trump guilty of colluding with hostile foreign party to gain political benefit! Bribery/extortion/abuse of powers! Impeach! Impeach!

    Liked by 6 people

    • bertdilbert says:

      Trump looks like a winner with China deal. Therefore he obtained a benefit from China! This calls for another article of Impeachment! CNN to host panel of never Trumpers to pound this element home over the weekend.

      Liked by 1 person

  4. Harvey Lipschitz says:

    Now let the Chinese grain inspectors try to find quality issues and hinder grain shipments. It will cost them if they try their old tricks.

    Liked by 6 people

  5. MNBV says:

    “reform their behaviour on IP theft, stop the forced transfer of technology and, according to their *promises*, allow exclusive ownership of U.S. businesses within China.”
    And pigs might fly….. the Don knows they’ll say anything and do cosmetics.
    China might well like to make US farmers dependent on their purchases.
    US nationhood depends on a working middle class, repatriating manufacturing is the #1 requirement.
    Imagine any of this happening with a Democrat President….. 🙂

    Liked by 3 people

    • Ulfhednar says:

      I can’t imagine this happening with any republican either…only Donald J. Trump!

      Liked by 11 people

    • Heika says:

      Agree on every single point. China lies. They do not tell the truth to their enemy. Just ‘how’ will China spend this money when they are on their knees themselves. They have already transferred much of their agricultural purchasing to South America and other places. I trust President Trump knows all this. He is up to something else. He knows they are lying about this deal – therefore he has another idea up his sleeve as China intends on doing what they wish which is to rule the world.

      Liked by 5 people

      • trnathens says:

        He needs time for American companies to relocate. Then, when China backs out, or changes terms, or alters deal, they get hammered by huge tariffs on everything. And PDJT gets to claim, “If they broke a deal with me, the country, then you guys can’t, and shouldn’t trust them either,” as moral justification.

        Liked by 8 people

      • trnathens says:

        He needs time for American companies to relocate. Then, when China backs out, or changes terms, or alters deal, they get hammered by huge tariffs on everything. And PDJT gets to claim, “If they broke a deal with me, the country, then you guys can’t, and shouldn’t trust them either,” as moral justification.

        Liked by 1 person

      • WES says:

        Heika:. Now it is EU’s turn!

        Liked by 3 people

      • sir4576 says:

        I agree. Something is up here…. I dont know what it is but things are just not as they seem. I have still not convinced this Ag deal is done. I will believe it when signed and soybeans are purchased.

        Like

    • snellvillebob says:

      Or Either Bush…

      Liked by 1 person

  6. Elric VIII says:

    Common market sense and an America First strategy. Who would have thought it was this easy? The U.S. Chamber of Commerce and all of the recipients of their money in the U.S. Congress who let the CoC write our trade laws should be rounded up and shipped to Gitmo forthwith. Traitors for their 30 pieces of silver!

    Liked by 8 people

    • Orville R. Bacher says:

      Letting U.S. Banks into China is a huge mistake. This is the conduit through which China will draw in the U.S. dollars they so desperately need. And since China’s “auditing” rules are non-existent, U.S. banks would be fools to believe any numbers they read.
      And who gets to bail out U.S. banks when the SHTF ?

      Liked by 3 people

      • Elric VIII says:

        Agreed. I also read that banks are investing U.S. retirement funds in China. That should be illegal. Other investment funds likewise. People who invest should know if their money is going to China and decide accordingly. If the banks want to risk their own money, let them lose it.

        Liked by 9 people

      • drlou007 says:

        Good question. When are the Banks going to tell their investing customers that they have no idea how solid the Chinese companies they promote are?

        Like

    • cjzak says:

      I’ve always wondered why we have the CoC anyway. Never looked into them much but what is the reason they exist and have such financial influence in DC?

      Like

      • Elric VIII says:

        Big corporations pay big $$ to the CoC so they can hire lobbyists to spread the $$ around among Congress and influence legislation that makes them even more $$.

        Like

  7. Robert Smith says:

    Hope Grassley can appreciate the work Trump has done for the farmers.

    Liked by 3 people

  8. Orville R. Bacher says:

    “Beijing has agreed to allow U.S. banks access to their financial markets.”
    So China gets U.S. financial capital (U.S. dollars) from U.S. banks, who will ask U.S. taxpayers to save them, when the Chinese bleed them out.
    Unless the devil in the details precludes us from financing our enemy, this is a BIG win for China, and a HUGE loss to the USA.

    Liked by 3 people

    • neal s says:

      Considering how much PDJT and his team have been right about everything else, I think it wise to give them the benefit of doubt. It is likely that they know things that we do not.

      I also think like with just about everything else PDJT has done, he will turn our banks being in china to our advantage. One of the issues with the chinese banks, is that they are totally under control of the government there. Having our own banks there might give some chance of reducing the influence that their government will have on banking. There is also the chance that having our banks there may be a benefit the US companies that choose to remain in china if they will use the US banks that will be there.

      Liked by 5 people

    • ann says:

      I worry too
      . 1 Probably because I only kinda get it, due to Sundance’s lovely explanations.

      2. I trust no one else but brilliant Team Trump, and if Resist & Uniparty crushed, slack grifters could be running our country again. Do we have viable candidates & skilled wingmen who are committed to carrying this forward?

      3. I confess, I like the tariffs. Very satisfying to have China take a dose of what our politicians & business leaders put us through. Ha!

      Wicked me Wishes we could tax the CoC 90 percent, and put 50 percent on all the companies who exfiltrated their manufacturing, employ slave labor, pollute , and leeches like Germany & her EU. 🧙🏼‍♀️

      Liked by 5 people

      • I truly don’t understand this move to allow US banks into China’s financial market, I don’t mind “confessing” that at all. But, I trust President Trump’s genius on the move and just wish someone would explain the potential benefits of it rather than only getting the negative comment side. I have a couple of ideas about it, but likely nothing solid! L 😀 L

        Sundance? Can you please expound on the upside of the US banking entry into the Chinese financial market, maybe in a different post?

        Liked by 2 people

        • Arlo says:

          Looks to me like the bloom is off the rose as far as opportunity for US firms in China. Trump must have a plan for the presence of US banks in China. I just hope those banks don’t get bilked by China, since some US bankers have foolishly chased unicorns like WeWork.

          Like

        • ann says:

          Aye. “Free trade” NEVER made sense to me,
          A treeper tutor

          Like

        • ann says:

          Whoops, pushed send too early.
          The point is, the complexity can fool or work for us. It makes me nervous post Trump, but I do trust Team Trumps judgment & expertise.
          Been so long since we’ve had trustworthy leaders, it’s unfamiliar. 🌲.

          Liked by 1 person

  9. A2 says:

    What is significant is the (1) the tariff reduction is not on industrial, manufacturing thus continuing the ‘decoupling’ and (2) the 40 b Ag purchases which are almost double of what the PRC has bought in the past. It provides an observable window into whether they comply with the ‘deal ‘ and puts the PRC in a very tight spot, If they renege, or fiddle with compliance.

    After various pronouncements that nothing was agreed, they held an 11pm news conference where the officials made vague statements as to the agreement.

    US has turned the tables on them. Should be interesting to see how or indeed when they start to play pass the parcel.

    Liked by 8 people

    • ann says:

      “ Tariff reduction is not on industrial manufacturing thus continuing the decoupling”
      And the observable window you mention.

      Team Trump is not going soft, Music to my ears . ♥️

      Liked by 1 person

  10. redline says:

    “Trump Offers $9 Billion Bribe to Communist China, Sells out American Farmers!”
    – corporate media cartel, probably.

    Like

  11. CHINA TRADE DEAL = GAME-CHANGER for GDP & POTUS RE-ELECTION

    As Michael Pillsbury STUNNINGLY shared with Dobbs,

    China Deal 1.0 has MASSIVE WINS that he’d never even contemplated:
    • $50+ Billion in ANNUAL Ag buys by China,
    … Plus Energy & Industrial
    … Quarterly ENFORCEMENT with USA-triggered CONSEQUENCES [Tariffs]
    • IP Theft to END
    … along with FORCED TECHNOLOGY TRANSFER
    … ENFORCEMENT with USA-triggered CONSEQUENCES [Tariffs]
    • Currency Manipulation to END
    … ENFORCEMENT with USA-triggered CONSEQUENCES [Tariffs]
    • Financial Institutions to ACCESS China Market
    … Driving USCOC SUPPORT … SPLITTING Financials from Globalist Opposition
    … USA Corporations with ZERO China Ownership Requirement
    • Tariff Expansion on December 15th to be POSTPONED [ENFORCEMENT Option]
    … Avoiding PAIN in order to sustain our Consumer Economy GROWTH
    • Tariff 25% Levels in place REMAIN [ENFORCEMENT Option to Increase Tariffs
    … PLUS 7.5% on most of Not-Yet-Tariffed Goods
    … Gaining Industrials SUPPORT to give them time to Onshore back to USA
    … or Source-Shift in Asia or to Mexico under USMCA
    • Subsidized State-Owned Companies need to be weaned
    … Unclear if included in 1.0 or upcoming 2.0

    USA GDP GROWTH will SURGE !!!
    • $500 Billion Ag Exports could ADD 1%+ from Ag & 1% from Energy-Industrial ANNUALLY
    • $200 Billion Financial Services “Exports” could ADD another 1% ANNUALLY

    USA STOCKS will SURGE !!!

    Negotiations START on China Deal 2.0 in 2020
    • China Deal 1.0 ENFORCEMENT might delay 2.0 until AFTER the 2020 Election 😆
    … 2020 Election is now an ALL-or-NONE Vote on RECIPROCAL TRADE with China
    … A Demo☭rat WIN means FORFEITING ALL GAINS in China Deal 1.0
    … Because it’s ONLY a Leader-to-Leader Deal that DISAPPEARS if Trump’s gone
    … And NO Demo☭rat could EVER be TOUGHER on China than Trump
    • Tech-Industrial-Entertainment Industries will NEVER risk renewed IP Theft
    … Curtailing Social Media plans for Election Interference 😆
    … Forestalling Demo☭rat Fund-Raising 😲

    UK will now RACE for a EU-GATEWAY TRADE DEAL for GROWTH

    USA Auto Tariffs will FORCE the EU into a TRADE DEAL to END TRADE DEFICITS

    India Trade Deal may take a BACK SEAT … as Modi DITHERS.

    MIND-BOGGLING WINNING.

    Liked by 6 people

    • Perot Conservative says:

      How did you get from a $40 Billion promised ag purchase, to $500 Billion? Unless the $40 B is a per month figure? Thx.

      Liked by 1 person

      • Blew the 2nd listing after posting the proper $50B above.

        The 1% GDP from Ag assumed a 4x multiplier from the Ag supply chain and the equipment and infrastructure required to develop the expanded production and processing capacity.

        Like

        • Perot Conservative says:

          Thanks. Not sure I buy the 4x multiplier in this case as I believe we’re sitting on excess soybeans and pork. China in great flux in many areas, then add in Trump tariffs and possible tariffs.

          I’ve been reading up on some raw materials; China halting the importing of many recyclables causing ramifications around the world, bug price and demand drops for mixed paper, cardboard, plastics, etc. Then add in Hong Kong & other south east asian changes … ugh. Indonesia recently rejected over 350 shipping containers filled w contaminants / rubbish from all over the world.

          Like

          • RE 4x, this deal appears structured to become a foundation for continuing improvements and expansion for years beyond the months required to sell excess soybeans and pork. The multiplier is meant to encompass the combination of supply-and-service chain industries that feed Ag, are fed by Ag and that support both Ag Workers and the communities that grow as Ag does.

            Like

    • BONUS:

      As South Korean, Japanese, German & USA Corporations Source-Shift from China,
      • ASEAN nations reap YUGE opportunities to displace Chinese Manufacturing
      • LOL … escalating their ECONOMIC DEPENDENCE on Exports to USA
      • Multiplying President Trump’s LEVERAGE for Bilateral Trade Deals with ALL!

      Liked by 3 people

    • Robert Smith says:

      A2 posted a list of studies of various markets included in the NDAA. China will probably earn extra tariffs anyway. So the deal is great because it satisfied some political needs while keeping the economic restructuring going.

      Like

  12. Perot Conservative says:

    Unfortunately, CTH may be off on the math here, and so therefore the analysis suffers. Or am I wrong?

    CTH omitted the new tariff revenues – 15% on $160 Billion in new tariffs, or $ 24 Billion, on Dec 15th.

    The Math

    $40 B gain – promised ag purchases
    $ 9 B loss – tariff cut in half
    $24 B loss – Dec 15th tariff halted
    $33 B Total Loss
    $ 7 B – NET GAIN to the US; not a $31 B gain

    Analysis

    We know China won’t keep the qualitative changes – IP theft, banking regulations, etc. So Trump possibly is settling the markets, waiting out the USMCA sign off, and fast tracking USMCA 2.0 (UK). USMCA – McConnell & the COC could drag out for months.

    China benefits – they get $40 B in ag purchases for essentially $7 Billion. $33 Billion in tariffs is money down a hole (to them). Losing $33 B are Canada (!), Argentina, Brazil, et al.

    A postponement of pain for China and Globalist investors. Likely other Swamp politics involved.

    Like

    • tax2much says:

      Without Trump, no gain at all. Be happy that great strides have happened to change us from a China dependent nation back to an independent nation.

      Like

    • sundance says:

      Nonsense.

      December 15th tariffs not actualized.

      If your wife stops her plan to purchase a $1,000 dress did she just give you $1,000?

      Liked by 20 people

      • neal s says:

        And then she has the nerve to ask you for $500 from the $1000 that she just saved you from spending on her dress. (Some people really do think that way …)

        Great analogy. Thanks for making things more easily understood.

        Liked by 3 people

    • dufrst says:

      The 15% tariffs can’t be considered a loss because they were never applied. They were postponed until the Dec. So, China agreed to the imposition of 7.5% tariffs instead. So that’s all gain. My only qualm with your analysis is that you would consider a loss, something we never had. The pending tariffs, were just potential. Taking them off, cost nothing.

      Liked by 3 people

      • Perot Conservative says:

        My understanding with tariffs is we don’t need anyone to agree with anything. Here is the tariff! Gracias!

        Supply Chains Moving – Simple Example

        With some imports of recyclables to China blocked, and tariffs on coming in, it looks like we may see an increase in using our own recyclables. Recent news:

        – Novelis Atlanta: Aluminum recycling giant to spend $36M on upgrade

        – Matalco: City of Wisconsin to get $80M aluminium recycling plant

        – Copper producer SDI La Farga LLC has announced plans to invest $16 million to expand its New Haven, Indiana, copper recycling operation.

        – Liberty Steel $25M in Georgetown, South Carolina steel plant.

        Liked by 1 person

        • A2 says:

          👇👇

          China and the West Are Decoupling: Please Act Accordingly

          By Dan Harris on December 10, 2019

          “ The US-China Trade War is and will be the new normal. Relations between the EU and China are soomewhat better, but those are quickly getting worse as well.

          If you are doing business in China or with China you should at least once every day look in a mirror and say this: Relations between China and the West are not getting any better and they will only get worse. I say this not to make a political statement or to offend anyone. I say this as a matter of fact and because I badly want Western companies to succeed.”
          https://www.chinalawblog.com/2019/12/china-and-the-west-are-decoupling-please-act-accordingly.html

          Liked by 1 person

    • Tom! says:

      This is not a signed agreement. It is on a hope and a prayer that china purchases 40 billion in soy beans. I would not bet the farm that this will happen. But it may keep the stock market going a few more months.

      Like

    • IGiveUp says:

      Hmm. Interesting. Also read somewhere else that $40 Billion is Ag purchases is 4x previous. Where do we get that much product from?

      I wonder if it’s cricket to include as a negative in your analysis money we would have received from future tariffs–those which were to take place on Dec 15. Maybe fairer to compare it to where we are today.

      Like

    • Jack is Back says:

      @ Perot, re: your math and the net 7 billion difference.

      I see the numbers, and yes, if the 24 billion you note as lost were already in place, it would be a loss. But as it doesn’t exist at this time, it’s vaporware – whose only value lies in what the owner (the US) can gain from the value it holds in the buyers (or in this case, our enemy the commies) minds.

      Also, I think it’s important to view tariffs in their proper light – Trump uses these as tools of warfare, with the goal being to correct imbalances and restore our American economy to it’s proper place as the most powerful in the world. I think many folks view tariffs as an emergency to shovel money into a hole… but if steps aren’t taken to fix the hole, then how long can one continue to throw in the proverbial good money after bad?

      So, i think we’re 49 billion ahead plus sooo much more. Trump recently said we’re up 20 Trillion in our Economy, and the commies are down something like 32 Trillion. He’s talking about the whole shebang here – so think of where we would be if we still lived in a world where commies have a 400 billion trade surplus, and a 2 or 300 billion IP theft impact against us.

      Or don’t you think that all the enforcement rules Trump now can hold over lying commie’s head make a difference here?

      Liked by 1 person

  13. hokkoda says:

    Adam Schiff asked a Comedy Central host last night how we’ll explain defending Trump to our grandchildren. Here’s my rough draft:

    “By the year 2015, America had grown hopelessly corrupt. Elected officials would run on one thing and do exactly the opposite once in office. Wide swaths of the government believed they were wholly unaccountable to the voters. The media, beyond corrupt, was complicit. Our economy was in shambles, barely able to produce growth or jobs. Our military was stretched too thin fighting endless wars in faraway lands with meager relationship to our national security. Our borders had become a joke as politicians, bureaucrats, and media had decided that America as a country no longer deserved to exist. And so they imported millions of dependents while exporting millions of jobs and trillions of dollars in American wealth.

    And so, funny as it may seem, I voted for and defended a guy who was a billionaire real estate and media mogul. He was a huge part of American culture starting in the 1980’s, appearing in movies, television, everybody knew who Donald Trump was as a rich man, a celebrity, and a sinner. He had a loud mouth and a huge ego. He loved America and wanted everyone to have what he had. He promised to bring our economy back to life, end the endless wars, repatriate our wealth and our industry, secure the borders, rebuild our military and drain the swamp.

    The media hated him. The same people who celebrated him and begged him for money for decades starting calling him a racist and ostracized him. The opposition party engaged in treason trying to remove him from office out of fear he would actually keep his promises, which is something they had never done and feared doing. The bureaucracy tried two soft coup d’etats with government employees actively defrauding the courts, the elected government, and the people in failed attempt after failed attempt to stop Donald Trump. They even impeached him, which turned out to be yet another in a long list of sad, pathetic, jokes.

    The economy grew in a way that the prior President said would require a magic wand. It created levels of employment not seen in this country since World War 2, 70 years ago. The stock market grew 30%. Trade deals that had been promised for DECADES to fix the economy-crushing mistakes of prior Administrations suddenly were getting done. NAFTA was replaced. The gutting of American industry and shipping of it to China and the rest of Asia was tariffed and taxed and the wealth poured back into America. The dictatorships of those other countries railed, but relented, buying billions of dollars in American agriculture in bilateral trade deals that demanded reciprocity – we give you something, you give us something, or we’re going to tariff the hell out of you. The border was slowly brought under control. The terrorist scourge, ISIS, was destroyed and its leaders killed. Local countries were put back in charge of their own security. NATO countries started actually paying their required security funds.

    The people who preceded Trump promised to fundamentally transform America. That cannot be done without the implicit strategy of destroying America and everything good and decent and great about it. I voted for Trump because I had grown tired of being told America is no good. I defended Trump because the people trying to destroy the country were the people attacking him. He quickly set about dismantling all the structures and regulations and taxes and authoritarianism. And for the first time in my voting life, he kept his promises in a literal sense. I could point to what he said he would do, and I could then point to what he had specifically done which kept the promise.

    America got stronger. That’s why I voted for him, and that’s why I defend him.

    For my kids.

    For you.”

    Liked by 29 people

    • I Hear You Now says:

      ^ ^ ^ ^ Excellent, hokkoda! ^ ^ ^ ^

      Liked by 6 people

    • dufrst says:

      Bravo! Excellent summation of the greatness of our lion, the 45th President of the US, Donald John Trump! Be proud!

      Liked by 7 people

    • john says:

      Good stuff man. I will be spreading this around.

      Liked by 5 people

    • StanH says:

      Easy right. Just tell the truth.

      Liked by 5 people

    • MaineCoon says:

      Excellent. Bravo!

      Liked by 3 people

    • grlangworth says:

      This is good.

      Liked by 3 people

    • JC says:

      Excellent, hokkoda! This would be a terrific document available in some form in the Trump store. Greeting card, printed on vellum (framed or unframed) as an heirloom, etc.
      “To My Children and Grandchildren…”

      Liked by 7 people

    • 2Alpha says:

      Sharing! THANKS!

      Liked by 5 people

    • mushr45m says:

      Well done!

      Liked by 1 person

    • By the year 1929, America had grown hopelessly corrupt. And so it began that elected officials would run on one thing and do exactly the opposite once in office. Wide swaths of the government believed they were wholly unaccountable to the voters. The media, beyond corrupt, was complicit. Our economy was in shambles, barely able to produce growth or jobs. Our military was stretched too thin fighting endless wars in faraway lands with meager relationship to our national security. Our borders had become a joke as politicians, bureaucrats, and media had decided that America as a country no longer deserved to exist. And so they imported millions of dependents while exporting millions of jobs and trillions of dollars in American wealth. By the year 2015 it was clear that America needed an honest American Patriot who could run for President and win, and work to restore the nation to its intended Constitutional Republic status… a man who could actually drain the swamp that the district of criminals known as Washington D.C had become.

      And so, funny as it may seem, I voted for and defended a guy who was a billionaire real estate and media mogul… ”

      Sorry hokkado, I just felt the need to edit your wonderful historic explanation to reflect the history of just how long Americans were held hostage and stolen from to finance their own demise while globalism was being implemented against our will. You did say it was a rough draft, right? Well, fixed it for me, as I would borrow a “tad” from you and could easily use the rest of your excellent summary… If you must, please just forgive me… 😀

      The feral reserve “act” was literally the “official” beginning of the end of our sovereignty, freedoms, and definitely our liberty. Taking from people that which they work for and using it for reasons abhorrent to them is truly totalitarian feudal tyranny. That’s what we have had for well over a century, and what President Trump must destroy in order for his promises to those of us smart enough to know he was our best shot at The Reckoning long needed.

      Liked by 2 people

      • Jack is Back says:

        @humancondition, @hokkado

        HC – I like Hokkado’s version better – it hits home whereas your version, though historically relevant, carries about as much oomphf for the reality today as does one of those obscure books stating the Vikings discovered America first.

        Hokkado keep up the great work – i’m def. borrowing your draft (no need to fix, really… it’s good just the way it is) and sharing around — with proper attribution to the author, of course!

        Liked by 1 person

    • DiogeneseVindicated says:

      I would add that America realized again, after a long hiatus, that it is exceptional. That it is the hope of the world and the model for lasting individual freedom free from governmental incumberance. That freedom of religion does not mean freedom from religion. That a true religion honors and preserves all people without physical penalty to those that deny its precepts. And that true freedom is reflected in the right of the individual to openly say that which which weighs on his mind. And lastly, that the right to defend oneself from harm by lethal mechanical means is inalianble and self evident.

      Liked by 2 people

    • Post of the MONTH, Hokkoda.
      🤔 Starting to become a habit … 🎉
      Great INSPIRATION!

      Liked by 1 person

    • INSPIRATION #1: Convert this to an America-First Children’s book.
      … Or team up with a successful author you trust (Newt Gingrich & wife come to mind).
      … Pick someone who’s all-in for President Trump with best sellers that prove it.

      INSPIRATION #2: Serve it up for Brad Parscale, Carpe Donktum, et al to translate it into Campaign memes.

      Liked by 1 person

  14. Garavaglia says:

    Good news. Why not reduce the tariffs AFTER the Chinese complete the purchase of the 40 billion in agriculture?

    Liked by 1 person

  15. dufrst says:

    2020 is setting up to be a banner year economically for the USA! A lot of things are breaking for Trump reminiscent of his great first year in office when he got the tax cuts. These trade victories will build on each other and the US will be able to create a new trading network of advanced economies that will be attractive for developing nations to want to be a part of. As of now, the only developing country in the mix is Mexico. They will substantially benefit when you think of the markets they will have access to and how those other nations like UK, Japan, S. Korea, Australia (and NZ), and Canada use Mexican labor to send their products in the US.

    The USMCA is the centerpiece and the gold standard. It will be the overriding rule that governs all US trading relationships with North America. Japan and the UK will plug in. The US-UK will jointly negotiate against the EU and it will be interesting to see if the EU plugs into USMCA or if there’s a standoff (likely) where a similar “phased” deal is made with the EU as with China (no reason why US-Japan don’t similarly ally against China). On the table with the EU is NATO’s budget and how much that is worth in trade terms to the US.

    Lastly, the endgame for the US is global reciprocal trade and demanding much more from our “allies” and ending decades of trade imbalances (and military spending imbalances) with the rest of the world to the benefit of the US. In the past, the US allowed other nations to benefit from its system as sort of payoff for aligning with it against the Soviet Union, as well as aiding many countries to rebuild their economies after WW2. The cold war ended in 1991. Japan and Germany have more than rebuilt their economies and are economic behemoths.

    It’s time for a new order and Trump is tearing down the old one to create a new one that makes sense given the realities. The EU (euro) and China (yuan) are rival economic powers and will construct their own trading networks and it will be interesting to see how the rest of the world (India, Russia, Brazil, ASEAN, and GCC) responds and who will plug into which network for maximum benefit.

    Liked by 3 people

    • mushr45m says:

      The question is, when will Mitch McDeepState allow USMCA up for vote in Senate.
      He stated, “after impeachment trial.”??

      Motive?

      Liked by 1 person

      • Dutchman says:

        He said A) the Senate has no choice but to ‘take up’the impeachment, once delivered by the,House B) that once,’taken up’, any other legislative business gets put on hold, because,addressing Impeachment takes priority.

        These are both actually valid points.

        He did NOT loudly and clearly affirm the the Senate trial will follow Federal rules, including not allowing hearsay evidence.

        Beyond that, he SAID he will do whatever PDJT and his legal team want, and,PDJT said he will do whatever Mitch wants.

        Behind the,scenes, and off camera, there will be much manuevering, much like pretrial motions. If there is negotiating, for a “Deal”, I suspect Mitch will experience what happens to ANYONE who enters into negotiations with DJT.

        So, Mitch,…Good luck with that!

        Liked by 1 person

    • Like your Crystal Ball, Dufrst => Raising fascinating possibilities and beyond.

      “On the table with the EU is NATO’s budget and how much that is worth in trade terms to the US.”
      – OR –
      On the table with the EU is NATO’s budget and how much UNDERFUNDING it is worth in trade terms of SACRIFICING TARIFFS and the US MARKET.

      Liked by 1 person

    • “ The US-UK will jointly negotiate against the EU and it will be interesting to see if the EU plugs into USMCA ”
      – OR –
      … to see if the EU plugs in THROUGH the UK.

      Liked by 1 person

    • “ The EU (euro) and China (yuan) are rival economic powers and will construct their own trading networks”
      – OR – as a thought-starter …
      Does President Trump innovate in elevating the Dollar to become the SOLE standard for trade transactions throughout any supply chain that trades with the USA?
      • Tying ACCESS to the Dollar … or LOANS … to each Country’s “INTEGRITY”
      • Introducing ENFORCEMENT for INTEGRITY VIOLATIONS & AGGRESSION

      Liked by 1 person

      • dufrst says:

        I mention the currencies because these powers, including Russia have bristled about how Trump has used the dollar to impose sanctions on them. They are wanting an alternative but none currently exists that’s strong enough to displace the petrodollar.

        With the US becoming oil and natural gas independent and Europe and China growing more dependent on OPEC, the petrodollar may no longer persist.

        Europe wants to create an alternative to the Swift system because of the Iran sanctions. The Chinese undoubtedly will work to create an alternative system. So other developing nations will have to determine what trading network is best for their development in this new economic Cold War or have a foothold in each.

        Unfortunately for these developing nations, the powers controlling their networks will exact a cost for going from one network to the other as the aim of these networks will be to further enhance the strength of that power and ending any advantages/benefits the competitive power can extract from them.

        Liked by 1 person

  16. Bucknutguy says:

    I’m a student of economics and a professional investor for many years. The thing I never appreciated is that all these “free trade deals” weren’t free trade at all. They were “managed trade” deals done by very bad negotiators with alternative interests to maximizing the benefit to the US citizen.

    SDs biggest contribution to me on this point is that the US needs to raise the “basis” or “starting point” for negotiations. These tariffs are never going away folks. Our President has reset the playing field. The new starting point is heavy US tariffs and China devaluing. Plan and invest accordingly.

    Liked by 9 people

    • WSB says:

      Personally, I would prefer to get back to our historical modus operandi…tariffs paying for a much smaller US Government. Remove the Federal individual income tax.

      Liked by 4 people

      • Thank YOU WSB, for making the comment I was about to make while looking for a place to put it that made sense!!!

        ^^^THIS^^^, is exactly what needs to happen. Tariffs that pay for a TINY and no longer feral “federal government” and the end of the theft of American’s PROPERTY without REPRESENTATION. Never had it, not in our entire lives!!!

        Make it ironic too, and call it permanent reparations for the people that have been RIPPED OFF for their entire lives and bullied into financing their own demise, with the murderous abortions made “legal” as the basis for the true need of said reparations. How very sick that a nation would kill its progeny in the womb while training its third world shithole replacements to perform the very labors that they are taking from Natural Born Americans.

        Apologies for going so bold there, but this is a MUST situation in my book if we are to truly restore the Republic as founded. We were once FREE, and with LIBERTY as delineated in a more perfect union.

        FREEDOM AND LIBERTY don’t require a self-appointed “elite ruling class”. Median income elected representatives with 12-year term limits, period. Repeal the 17th amendment too. The 16th does NOT mean what “they” say it does and use it for either. Dozens of SCOTUS decisions will show you that if you care to research it!
        Food for thought.

        Liked by 3 people

        • WSB says:

          Spot on, THC!!!! I would only allow one term
          limit for House and Senate. Rotate like jury duty. That would mean no reelection money. If one wants to serve again, sit out a term. Repeal the 17th. Let’s try this again. The corrupt would be able to be taken out in each state or commonwealth. Not rely on money from outside the state.

          The Constitution is not a suicide pact.

          Return the original 13th Amendment. No attorneys can serve in Federal Government. No one of nobility or honours.

          This is a great read, confirmed by a friend of mine who is in contact with a Constitutional writer.

          https://sicknesshope.com/node/1887

          Like

  17. Fools Gold says:

    Xi and his monsters are so hopeful Trump will be thrown out they believe they made a great deal. Problem is Xi have no experience in what it’s like to not be able control their populist without the help of U.S. which means total leverage by our MAGA Leader in the White House. You’re right Sundance Trump has other plans and I believe he remains President through 2024 to finish unfinished business!

    Liked by 3 people

  18. rah says:

    1. China will cheat or fail to comply with provisions.
    2, They’ll get caught and team Trump will lower the boom.
    3. The Chinese will kick and scream and make counter accusations with no effect. .
    4. So they will make new promises. ,
    5. See #1
    6. See #2
    7, See #3
    8. See #4

    Team Trump won’t allow such an endless dance but I’m thinking that is what the Chinese will try to do.

    Like

    • Robert Smith says:

      While it would be fun for us and just because of China’s past predatory trade practices, politically, it will be much easier if China cheats, reneges, steaks IP, or is otherwise a bad trade partner so they bring additional tariffs on themselves. A little patience and we’ll be where we want.

      Like

    • Shyster says:

      Even such a dance is a big win. Your 8 item scenario really equates to one thing, volatile instability. And what does volatile instability cause in the business world. Extreme uncertainty in doing business with China. Extreme uncertainty in doing business with China equals the creation of new permanent alternate country supply chains and a complete decoupling of the U.S. economy from China. POTUS and we the people win either way and China’s 50 year plan goes down the toilet.

      Liked by 1 person

  19. IGiveUp says:

    Trump Weighing 100% Tariffs On EU Products Including Irish Whiskey, Cognac, Spanish Olive Oil And French Cheese

    https://www.zerohedge.com/markets/trump-weighing-100-tariffs-eu-products-including-irish-whiskey-cognac-spanish-olive-oil-and

    Liked by 1 person

  20. Ackman419 says:

    Considering that we knew China was trying to wait out our Lion in hopes that he wouldn’t be re-elected, this is an admission from Panda that Panda thinks our Lion will win in 2020.
    He is breaking everyone.

    Liked by 4 people

  21. railer says:

    China may comply with the terms of the agreement, but probably not. Trump shows good faith with the tariff concessions, sets down some verifiable markers, and reserves the right to revisit the tariff issue if things are not as they should be. It’s a solid step, and Trump’s playing with Chinese money, not ours. He also gets to do a process check during election season next year, so he’s got that goin’ for him, which is nice.

    Yes, it appears Trump’s slowly decoupling from China, and this agreement is another step along that path. Perfect timing, too. USMCA is nearly squared away, and hard investments can now be firmly appropriated for deployment in North America, with investors now accepting that the Chinese will never bend on the hard reform issues investors hoped for. Their 5-year appropriation plans cannot be built upon China’s empty promises. They have to fish or cut bait, in NA or anywhere but China.

    Ultimately, the CCP will have to cut proper deals with multinationals if they want investment, not because Trump and Xi cut a deal, but because multinationals will look elsewhere if they don’t. Trump’s been jawboning Xi on all this, but I bet he always knew that the market would take care of this as long as the Swamp didn’t keep selling us out. His jawboning was just signaling and spotlighting the need for these multinational corporations to get smart and stop selling their soul, and ours. The magnitude of coupling/decoupling with China is actually within their grasp, Trump’s just speaking to market access and fairness across the board. Markets want “certainty”, you say? I’d say Trump’s provided plenty of that.

    Now for Europe.

    Liked by 9 people

  22. Mike in a Truck says:

    Expect to see a change from Emperor Xi’s vassal Kim. Now that a deal has been struck Kim will be wanting a meeting. Another “beautiful letter” will be on the way by New Years I bet.

    Liked by 4 people

    • railer says:

      Forgot about that one! China really wants to make nice after this deal, since they know they’ll be cheating on it and shouldn’t make waves elsewhere. I bet Trump goes back to making nice with them all too, talking again about “my good friend Xi” which he’s dropped recently. Amazing how these things all interlock. Good policies beget good policies. Wish The Swamp would figure this out.

      Liked by 4 people

  23. A2 says:

    👇👇

    PRC issues veiled threat to Germany, comply with our spying or else. EU gets the wake-call.

    Thorsten Benner
    @thorstenbenner
    At
    @handelsblatt event, Chinese ambassador Wu issues clear threat to Germany:
    „If you decide to exclude Huawei this will have consequences. You sell million cars per year in China. We may also declare them unsafe“. (from min 26).

    Gloves are off.
    #5G

    https://www.handelsblatt.com/video/live/handelsblatt-live-chinesischer-botschafter-ken-wu-die-sicherheitsbedenken-der-usa-gegen-huawei-sind-scheinheilig/25332882.html

    👇
    Merkel under pressure over Huawei’s role in German 5G rollout

    Lawmakers in Berlin agree draft bill that would in effect exclude Chinese supplier

    https://www.ft.com/content/372c1da6-1d98-11ea-97df-cc63de1d73f4

    Liked by 6 people

  24. citizen817 says:

    Liked by 3 people

    • sir4576 says:

      I follow Spalding on Twitter. He doesnt seem to get it unless I’m totally missing his points. I think sometimes he’s intentionally vague because he knows he diesnt understand.

      Like

  25. Kelly says:

    I really appreciate the research presented at theconservativetreehouse.com. It takes an amazing amount of work to read and cross-reference related documents. Even if this blog is your main job, it must take an incredible amount of time and effort to produce such a large volume of high-quality research. Thank you.

    Liked by 13 people

  26. StanH says:

    Right on Mr. President. Trust but verify.

    Liked by 3 people

  27. Right to reply says:

    Question…Is phase one to appease McConnell who may have threatened impeachment?

    Liked by 1 person

  28. TradeBait says:

    PDT still gets tariffs, China buys more ag/stuff, we still get cheap Chinese products, China agrees to quit manipulating its currency, China agrees to cut tech stealing. Even if they don’t do what they agree to do the justification to decouple is built in while supply chains continue moving.

    Art of the deal. MAGA.

    Liked by 3 people

  29. A2 says:

    According to Lighthizer, as some are raising questions as to the Ag purchases

    $24b/yr — baseline purchases made by China (using 2017 data)
    ADDL $16b/yr for two years
    PLUS “best efforts” on another $5-10b each year

    So China will be purchasing $40b in ag total/yr. Possibly more

    Some details from the Eleventh hour PRC presser. There are nine chapters to the deal.

    And for speculation as to spin, right on cue:

    Chuck Schumer
    @SenSchumer
    · 8h
    President Trump has sold out for a temporary and unreliable promise from China to purchase some soybeans.

    Once again, President Trump cannot be relied upon to the do the right thing for American workers and businesses. https://twitter.com/byheatherlong/status/1205516301956976643

    🤣🤣🤣🤣🤣

    Liked by 4 people

    • grlangworth says:

      The thing about Schumer, you see him coming a mile away — he always replaces the red pain of his forehead target to keep it bright. USMCA in place: no transshipment. 25% Tariffs on $250B goods annually: In place. Should China renege, return with tariffs: meanwhile U.S. supply chains steadily unwind into other glad-to-have-it countries. Some plan, huh?

      Liked by 4 people

    • Robert Smith says:

      Hey, Chuck were was all the winning for citizens when Democrats ran their New Normal Economy?

      Liked by 4 people

  30. Deplore Able says:

    I do think Sundance is right. President Trump has no intention of doing a deal with the Chinese. Haven’t the Chinese already figured this out? If they have figured it out, why would the Chinese make this Phase 1 deal. Phase 1 is a huge benefit to USA, but what benefit to China? The current Chinese regime doesn’t do deals that are tilted toward their adversary. Perhaps the answer is that President Trump has China in a position where they have no choice. They make what is a bad deal for China or President Trump increases tariffs and kills China’s economy.

    This is what happens when you have an economy dependent on exporting a large percentage of its manufactured goods and your trade adversary, who is the world’s largest economy and the world’s biggest market, doesn’t really need access to the Chinese market and can buy elsewhere anything currently made in China.

    This is what happens when a US President is smart enough to know that it really isn’t a good idea to transfer US wealth to China, a country with nuclear weapons aimed at the US, a country that is a totalitarian dictatorship, a country intent on becoming a military power to rival the US, a country that deprives its own people of basic human rights. Why have we been friendly to the Chinese communists for two decades? Did our former presidents believe the Chinese dragon was going to become a panda? The incompetent fools were silent as Wall Street sold out the middle class for sake of the almighty dollar.

    Liked by 6 people

  31. TwoLaine says:

    Michael Pillsbury was on Dobbs tonight and he says he is STUNNED by the magnificence of what Preasident TRUMP and team have pulled off.

    Liked by 7 people

  32. A2 says:

    This is the key phrase from the PRC press release:
    双方达成一致,美方将履行分阶段取消对华产品加征关税的相关承诺
    (The two sides reached an agreement that the U.S. will fulfill its relevant commitments to phase out tariffs on Chinese products)

    Very vague, and is different from the US release statements. A long way to go for the PRC to actually ink a deal. That explains the delay.

    Liked by 4 people

  33. MD says:

    China has never kept it’s promises on anything, Trump knows this. The USMCA and EU deals still need to get done. Perhaps the illusion of trade talks / deals with China getting done will create additional incentive and leverage to get these done more quickly.

    Liked by 2 people

    • Dutchman says:

      MD
      “China has never kept its promises on anything, and Trump knows this. (Implying he knows they won’t keep any new promises, and there will ultimately be no trade deal, I assume?)

      But THEN you say “The USMCE and,..EU trade deals still need to get done.”

      Exactly what promises has the,EU kept?
      Their record of breaking promises is every bit as consistent as China.

      So, WHY in the,World would PDJT want to make a trade deal with the EU?
      They are a ‘trading block’, aligned to screw America on trade.

      Their commitments to Nato, especially Germany, are a joke. Merkel agree to increase, to PDJT, and then renegged.

      Just as Chinas system has evolved to be dependant on screwing U.S. and so can NOT comply with PDJT’s reasonable demands, the,EU is in the same boat.

      So, USMCA,…YES. Trade deal with England, hell yes. Deal with EU,…Hell NO!

      And with the potential for auto tariffs alone, he’s got Merkel grabbed by the,….access hollywood, and can squeeze whenever he wants.

      Liked by 1 person

  34. A2 says:

    👇👇

    More details from the press release from Xinhua:

    新华社北京12月13日电 经过中美两国经贸团队的共同努力,双方在平等和相互尊重原则的基础上,已就中美第一阶段经贸协议文本达成一致。协议文本包括序言、知识产权、技术转让、食品和农产品、金融服务、汇率和透明度、扩大贸易、双边评估和争端解决、最终条款九个章节。同时,双方达成一致,美方将履行分阶段取消对华产品加征关税的相关承诺,实现加征关税由升到降的转变。

    (Xinhua News Agency, Beijing, December 13th.
    Thanks to the joint efforts of the Chinese and American economic and trade teams, the two sides have reached agreement on the text of the first-phase economic and trade agreement between China and the United States on the basis of the principles of equality and mutual respect. The text of the agreement includes nine chapters: preamble, intellectual property, technology transfer, food and agricultural products, financial services, exchange rates and transparency, expanded trade, bilateral assessments and dispute settlement, and final clauses. At the same time, the two sides reached an agreement that the United States will fulfill its relevant commitments to phase out tariff increases on Chinese products in stages and realize the transition from increasing to decreasing tariffs.)

    http://www.gov.cn/xinwen/2019-12/13/content_5461030.htm

    Pretty vague, guess they don’t want their peeps to know they are losing.
    😂

    Liked by 5 people

    • A2 says:

      Here is the rest of the statement, again no details.

      ‘ China believes that China and the United States, as the world ’s largest economies, must deal with the economic and trade relations between the two countries based on the overall situation. The conclusion of economic and trade agreements is beneficial to the fundamental interests of the Chinese and American peoples and the people of the world.

      Have a positive effect. This agreement is generally in line with China’s general direction of deepening reform and opening up, and its inherent needs to promote high-quality economic development. The implementation of the relevant content of the agreement will help strengthen intellectual property protection, improve the business environment, expand market access, and better safeguard the legal rights and interests of various enterprises, including foreign companies, in China. Legal rights in US economic and trade activities.

      With the expansion of China’s domestic market, Chinese companies have increased their imports of high-quality, competitive products and services from various countries, including the United States, in accordance with WTO rules and the principles of marketization and commercialization.

      To meet the people’s growing needs for a better life. This agreement is conducive to strengthening cooperation between China and the United States in the economic and trade field, effectively controlling and resolving differences in the economic and trade field, and promoting the stable development of Sino-US economic and trade relations. In the context of the current downward pressure on the global economy, this agreement is conducive to enhancing global market confidence, stabilizing market expectations, and creating a good environment for normal economic and trade and investment activities.

      The two parties agreed that in the next step, both parties will complete the necessary procedures such as legal review and translation proofreading as soon as possible, and negotiate the specific arrangements for the formal signing of the agreement.

      After the agreement is signed, it is hoped that the two parties can abide by the agreement and strive to implement the relevant contents of the first phase of the agreement, do more things that are beneficial to the development of bilateral economic and trade relations and global economic and financial stability, and maintain world peace and prosperity.’

      Liked by 3 people

      • Mo says:

        Reuters was simulcasting this press conference live from a xinhua feed. The question and answer session was interesting. Maybe you can search for it on xinhua and locate a transcript of that part.

        Liked by 1 person

  35. Graham Pink says:

    Stealing intellectual property, technology transfers, agriculture, financial services, currency and foreign exchange manipulation are the ChiCom’s business model.
    Not much of that will change any time soon.

    Like

  36. Perot Conservative says:

    Frenchie Nostradamus, who predicted WWII, the Kennedy brothers and Ronald Reagan’s assasination, also predicted President Trump. (Two more quotes in the daily thread.)

    Quatrain 81: “Le grand criard sans honte audacieux,
    “Sera esleu gouuerneur de l’armee:
    “La hardiesse de son contenteur
    “Le pont rompu, cité de pur pasmee.”

    Translation

    “The great shameless, audacious bawler,
    He will be elected governor of the army:
    The boldness of his contention,
    The bridge broken, the city faint from fear”

    Liked by 1 person

  37. Yup

    Build your enemy a bridge of gold for his retreat………

    Like

  38. ezgoer says:

    If China is smart they will accommodate president Trump and his trade team for the next 5 years (2nd term) and then completely renege on the deal and their behavior as soon as the next (globalist) America Last president takes over in 2024. No Democrat or GOP establishment (ie: Wall Street controlled) president is going to enforce the deal negotiated by Trump.

    Like

  39. I love that Shoeless Joe tweet. The media is using Washington DC math, where an increase less than the budgeted amount is a cut.

    Liked by 1 person

  40. Fredericka Ibsen Thompson says:

    “…additional purchases…in the coming years…” is rather vague. And didn’t China agree to $40B in ag purchases a few months ago, and then backed out claiming they had NOT agreed to same? Not sure why we keep playing the same record …

    Like

  41. Robster says:

    I wonder what it says in the WRITTEN CONTRACT…? Seems to me the only deal China wants is President Trump out of office. (…along with the House and Senate). How do we know China doesn’t keep ‘agreeing’ and then reneging thereby making President Trump look bad with ongoing overpromising and underdelivering?

    Like

  42. meteorofpoo says:

    Trump has truly done what no one else could do, however I don’t believe that the Chinese are acting in good faith.

    I believe that they are totally lying, in order to buy time to stay out from under sanctions.
    they’re stringing him along until he’s out of office, per the advice of all the American leftist politicians that have visited China.

    this is going to be a problem for them, moving forward.

    Like

  43. SharkFL says:

    Right now, the DOW is up 170 and the Hang Seng (HSI) is down 170.

    Like

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