DEAL OR NO DEAL?: China Is Buying More American Goods, But Is Being Lame on Intellectual Property
Patrick Howley
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President Donald Trump has reportedly made progress in his dealing with the Chinese regime, though a comprehensive deal has not been finalized. The two sides have yet to reach an agreement on Chinese intellectual property theft, which robs the American economy of our innovation.
Trump and Chinese president Xi are in talks to meet at Mar-a-Lago in late March.
Sources confirm to CNBC that China agrees to purchase “up to $1.2 trillion” in additional U.S. goods, which should fulfill Trump’s goal of eliminating the trade deficit with China over a six-year period.
President Trump is also pushing to get 5G technology in the United States from American companies, instead of from Chinese companies whose technology could lead to more spying on Americans.
BLP reported: China’s economic growth in the year 2018 clocked in at 6.6 percent, which is the worst figure that China has posted since 1990.
China was added to the World Trade Organization in 2001, and for years has gotten the better end of a massive trade disparity with the United States. President Donald Trump is committed to erasing the U.S. trade deficit with China by the year 2024.
In that spirit, China just offered to purchase more than $1 trillion in additional American goods over the next six years.
President Trump’s high-stakes gamesmanship with the Chinese government is clearly paying off.
President Trump is prepared to meet North Korean dictator Kim Jong Un again at a second summit in late February. Trump’s masterful cooling of tensions with North Korea, helped mightily by his trusted Secretary of State Mike Pompeo, represents a new chapter in world peace, and also a profound new development in US-Chinese relations.
Will the free-trade media acknowledge the massive success that Trump’s tariffs and tariff threats — part of his so-called “trade war” — is actually bringing about for the American people?
When it comes to China, President Trump’s economic adviser Larry Kudlow is one tough cop:
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