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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Democrat Congressman Dismisses Low Black Unemployment under Trump
Even with Black unemployment at its lowest rate in nearly 50 years under the Trump administration’s watch, South Carolina Congressman James Clyburn dismissed these numbers.
Clyburn said these numbers are “not true” because Blacks “were fully employed during slavery.” So, “it all depends on how you measure” it, he asserted.
On Fox News’s Your World With Neil Cavuto, host Neil Cavuto chatted with Clyburn about the Trump economy. Clyburn asked whether the president’s policies are beneficial to Black Americans.
“Let’s leave the words aside,” stated Cavuto. “Whether you like his [Trump’s] style or not, or tweets or not, or comments or not, he’s delivered the goods for a lot of African-Americans has he not? With record-low unemployment levels for one group or another. Among Africa-Americans, you don’t think that’s something constructive?”
Clyburn, who voted to impeach Trump back in December, said, “Come on, Neil. No, no, it’s not true. I’m saying that the African-American unemployment is not the lowest it’s ever been unless you count slavery.”
“We were fully employed during slavery,” claimed Clyburn. “So it all depends on how you measure this up.”
According to the Bureau of Labor Statistics (BLS), the national unemployment rate for African American workers, 16 years and older, was 5.4% in August 2019. Michael W. Chapman of CNS New said this was the lowest rate in recorded history.
The BLS data for African American begins in 1972, almost 50 years ago. According to a chart that Chapman posted, the unemployment rate numbers from July through December 2019 were in the 5’s range — 5.9, 5.4, 5.5, 5.5, 5.6 and 5.9. In January 2020, the rate was 6.0 percent.
Clearly Democrat elected officials are in denial about Trump’s economic success.
However, if the Trump administration wants to win black votes, it will need to push immigration restriction given how unskilled labor tends to displace black labor.
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