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Is President Trump Winning the Trade War? China Expected to Cut Tariffs on $75 Billion of U.S. Goods

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On February 6, 2020, China revealed that it would cut tariffs on $75 billion of goods by half to fulfill its end of its bargain after recently signing a trade agreement with Washington.

Starting on February 14, China will reduce tariffs on some American goods from 10 percent to 5 percent. Tariffs on other items will be lowered from 5% to 2.5%, according to China’s Ministry of Finance.

The tariffs were slapped on in September and December in the midst of a protracted trade scuffle between the two superpowers.

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The U.S. government has already rolled out plans to scale back tariffs on certain Chinese imports that were flagged during the trade war. However, most tariffs will stay in place.

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Beginning on February 14, 2020, the U.S. will reduce tariffs on approximately $120 billion in Chinese goods — which include electronics and apparel — from 15 percent to 7.5 percent according to the U.S. trade representative’s office. This also complies with a pledge made under the U.S.-China trade agreement that was signed on January 15.

The tariff cuts come at a time where there are doubts about Beijing’s willingness to comply with the phase-one trade deal, in which China promised to increase its purchases of American goods and services by $200 billion during the timespan of two year.

Despite such concerns, the decision to reduce tariffs shows some willingness on the part of Chinese leadership to carry out the deal that effectively ended the two-year trade conflict between the two countries.

In a statement that came alongside Thursday’s announcement, the Finance Ministry said the decision was aimed at alleviating “economic and trade frictions and expand economic and trade cooperation” between the two countries. “We hope to work with the United States towards the ultimate elimination of all increased tariffs,” it added.

This is a good first step, however the Trump administration must continue pressuring China. China’s ambitions go beyond economic transactions.

Given its authoritarian nature, China is seeking to expand its reach through trade deals and migration. The Trump administration will need to maintain economic pressure and create migration policies that keep Communist Party agents from doing harm within the American border.

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Bronx Bobblehead AOC Believes that the Current Budget Cut to NYPD is Not Enough

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On June 30, 2020, congresswoman Alexandria Ocasio-Cortez said that New York City’s budget cuts to the police department were not sufficiently adequate, declaring that “defunding police means defunding police.”

“Defunding police means defunding police. It does not mean budget tricks or funny math. It does not mean moving school police officers from the NYPD budget to the Department of Education’s budget so the exact same police remain in schools,” the congresswoman remarked in a statement.

The defund the police meme has caused some debate in Democrat circles. Some Democrats believe that the phrase shouldn’t be taken literally and is only a slogan for police reforms.

“It does not mean counting overtime cuts as cuts, even as NYPD ignores every attempt by City Council to curb overtime spending and overspends on overtime anyways,” Ocasio-Cortez added. “If these reports are accurate, then these proposed ‘cuts’ to the NYPD budget are a disingenuous illusion. This is not a victory. The fight to defund policing continues.”

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On June 30, the New York City Council and Mayor Bill de Blasio came to a deal to slash $1 billion from the NYPD’s $6 billion budget.

“We’re acting on that call for justice. I believe it is our mission to redistribute resources to those who need them the most,” de Blasio stated, “This is real redistribution.”

Activists that agree with AOC’s radical anti-cop reforms said they won’t put up with any plan that merely reallocates money and does nothing to substantially gut police departments.

“No funny math. No budget musical chairs,” radical anti-law enforcement activists said in a letter on June 30 to the mayor and council. “We’ll know if you fought for our communities or whether you will let the NYPD continue to be treated as if they’re above the law, even in the budget.”

New York City is currently suffering from a $9 billion shortfall in revenue due to the Wuhan virus shutdowns.

New York is already an anti-gun state, with a ranking of 51st place according to Guns & Ammo magazine.

Defunding the police will only make New York City less secure and leave New Yorkers with virtually no options left for security.

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