Another Trump Win? US And China Come To An Agreement
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For the “worst president of all time” or whatever it is the left call him, President Trump sure seems to be doing a lot of winning.
According to Fox News:
United States and China officials have agreed this weekend to take steps to reduce the U.S. trade deficit, the White House said Saturday.
The agreement between the world’s two biggest economies was made this week in Washington by high-level negotiators from both countries, including Treasury Secretary Steven Mnuchin.
“There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China,” the White House said, in what it described as a joint statement with China.
Suuurely the left will find a way to turn this into a catastrophe.
SPOILER ALERT: it’s not.
The White House also said China would “significantly increase purchases” of U.S. goods and services to help America’s economic growth and to meet its own growing consumption needs, in an apparent effort to avoid an international trade war.
Among the primary focuses of the consensus: an agreement to expand trade in manufactured goods and services, increase U.S. agriculture and energy exports, and protect both countries’ intellectual property laws.
This is GREAT news.
Chinese companies are NOTORIOUS for having absolutely no regard for our IP laws…stealing American technology and ideas with little consequence.
I’m happy to see IP is being considered moving forward.
The White House also said next steps would include the U.S. sending a team to China to work out the details.
President Trump has since his 2016 presidential campaign vowed to improve international trade relationships, including the one with China that last year resulted in a $337 billion trade deficit with the country.
Trump on Friday called the deal “bad for our country” and said, “We’re changing it around.”
About time!
The announcement came after Trump met at the White House with Vice Premier Liu He, the leader of China’s delegation for talks with a U.S. team, which also includes Commerce Secretary Wilbur Ross.
