President Donald Trump is sending his trade envoy to Beijing Thursday for two days of talks before the Chinese vice premier Liu He makes his way to the United States.
Robert Lighthizer and Steven Mnuchin are on their way to lay the groundwork, but President Trump is the only one who can make a deal. Mnuchin scored a nice win by saving the stock market when anti-Trump manipulators tried to crash it on Christmas.
Trump’s ambitions are massive, but his hand is stronger than ever. American tariffs on Chinese goods hit China hard. The Chinese actually had a terrible 2018, their worst year for economic growth since 1990, when the free-trade globalist Bush agenda took shape. China’s entry into the World Trade Organization in 2001 devastated the American manufacturing sector, coupled with the effects of NAFTA and more than $1 trillion in taxpayer spending for the Iraq War.
China is now on defense, and their ally Kim Jong Un seems to be working well with Trump and Mike Pompeo to de-escalate the nuclear threat that China has exploited for decades. Is Un sincere? At least in public.
Trump has always maintained that he wants China to do well, and Larry Kudlow has said that “we can help them.”
The Chinese have already agreed to purchase more than $1.2 trillion in additional American goods, which will knock out the US-China trade deficit by the year 2024.
But there are other big problems. The Chinese commit intellectual property theft against American tech innovators in extremely harmful ways.
President Trump also wants the United States to have 5G technology without relying on Chinese companies who will only increase the spying that is done on American citizens.
Safe travels, Lighthizer and Mnuchin!
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