President Donald Trump is holding onto all the cards in his negotiations with the Chinese regime, which seems anxious to make a deal to stave off more Trump tariffs against them. Trump has already levied tariffs on $250 billion worth of Chinese products that get dumped into the United States, but the president could always impose more tariffs at any time.
Trump sent his envoy — Steven Mnuchin and Robert Lighthizer — to Beijing last week for negotiations, then hosted the Chinese vice premier Liu He in Washington. Even though the deal is reportedly “90 percent” finished, Trump is not tipping the Chinese off as to when he might actually make a decision to go forward. Trump set a rough timetable of “four weeks,” but noted that it could take more time or less.
Trump’s tariffs rocked the Chinese economy, which posted its lowest growth figure in 2018 — 6.6 percent — since 1990, when globalist George Bush was in office. China entered the World Trade Organization in 2001 and the American economy never recovered, even collapsing in 2008 when globalist George W. Bush was in office. The Koch gang and the Chamber of Commerce want this rigged arrangement to continue because it means cheap labor for them, and economic ruin for the American people. But Trump is not having it.
One key detail has been agreed on: China is going to purchase about $1.2 trillion in additional American goods over a six-year period, which would wipe out the US-China trade deficit by 2024. But lingering issues include cyber security and intellectual property theft — the Chinese rip off our tech innovation and American innovators don’t like it.
Liu He seemed very happy to be negotiating with the United States because China is probably realizing that their tariff-handcuffed economy can not sustainably function in the modern age without the U.S. as a trading partner.
Here it is. Rare show of emotion from the Chinese Vice Premier Liu He going into the trade talks with US Trade Representative Robert Lighthizer. #Smile #Waive #China #Trade #USTR pic.twitter.com/VKsw5hJ4cp
— Edward Lawrence (@EdwardLawrence) April 3, 2019
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