WASHINGTON - The “phase one” U.S.-China trade deal will nearly double U.S. exports to China over the next two years and is “totally done” despite the need for translation and revisions to its text, U.S. Trade Representative Robert Lighthizer said on Sunday.
The deal, announced on Friday after more than two and a half years of on-and-off negotiations between Washington and Beijing, will reduce some U.S. tariffs on Chinese goods in exchange for increased Chinese purchases of U.S. agricultural, manufactured and energy products by some $200 billion over the next two years.
FILE PHOTO: China's Vice Premier Liu He gestures to the media between U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin before the two countries' trade negotiations in Washington, U.S., October 10, 2019. REUTERS/Yuri Gripas/File Photo The deal ultimately left 25% U.S. tariffs on $250 billion worth of Chinese imports, limiting stock market gains on Friday.“Ultimately, whether this whole agreement works is going to be determined by who’s making the decisions in China, not in the United States,” Lighthizer said. “If the hard-liners are making the decisions we’re going to get one outcome, if the reformers are making the decisions — which is what we hope — then we’re going to get another outcome.
'I am a failure, so its up to you to make it succeed'
This man has an interesting skillset.
'Ride the tariffs to victory'
Brexit trade?
I read the details of the deal on a Forbes article and it seems to have missed the mark. TARP would have been a better strategic deal. China simply threw us some scraps. As always it’s all smoke and mirrors. Protecting our intellectual rights was a good thing though.
Geezus...he thinks everyone is as stupid as his boss.
MariaBartiromo larry_kudlow Kudlow: The President is a tough negotiator and it is working for Americans
SPECIFICS, very few... agree to purchase = but not guaranteed.. tariffs in effect ARE TAXES ON AMERICANS.😡😡😡👎👎🇺🇸🇺🇸
nothing good!
Nothing about this trade deal has anything to do with what’s good for America, it’s all about what’s good for trump. Peel back the layers here before you stand and cheer
OH BS! There are have been so many concessions from the US that you cannot even call it a 'deal'!
Why did he take his pecker out?
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