U.S. exports to China to nearly double in 'totally done' trade deal: Lighthizer

  • 📰 Reuters
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

U.S. Trade Representative Robert Lighthizer put the onus on China’s decisionmakers for the success of the ‘phase one’ trade deal that was concluded on Dec. 13

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

'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?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China top diplomat says China-U.S. trade deal good news for allChina and the United States' 'phase one' trade agreement is good ... USA media does not cover good news. Xi/ccp fxxked up yet but with lots of thanks and gratitudes to trump/US!
Source: Reuters - 🏆 2. / 97 Read more »

Stock Markets Failed To Rally On China Trade Deal, Here’s WhyWhy stocks didn’t make headway on today’s trade news, according to market experts by skleb1234 skleb1234 After the 3rd false alarm they caught on? skleb1234 🖕🤔🇦🇷 skleb1234
Source: Forbes - 🏆 394. / 53 Read more »

Cramer's week ahead: China trade deal let's us focus on some big earnings reports'Now that we've got a phase one trade deal with China, we can go back to focusing on the earnings,' the 'Mad Money' host says. 'I think next week ... we're going to see a lot of good ones.' fuck this guy There is NO China trade deal. Just a massive capitulation by the Trump administration. We got nothing! Just an ambiguous statement about some unmentioned “structural” reform. It’s a complete sham. This is Trump playing HERO and trying to upstage the impeachment news. Sorry, Jim. Those paying attention have seen the corporate earnings vs debt levels.
Source: CNBC - 🏆 12. / 72 Read more »

China delays tariffs on US autos, other goods in trade dealChina is postponing punitive tariffs on U.S.-made automobiles and other goods following an interim trade deal with Washington Whoopie ! A tariff delay. What a deal ! Bull$hit I watched a 20 second video expecting a story about China cars and tariffs but get a video on impeachment. I'm suing for my 20 seconds back $10 million no less POTUS
Source: ABC - 🏆 471. / 51 Read more »

Mnuchin says trade deal with China to boost global economyDetails of U.S.-China 'phase one' trade deal to come out over weekend: Mnuchin AmericaFirst Somehow cryin Chuck is against it without nothing what’s in it.
Source: Reuters - 🏆 2. / 97 Read more »

What's in the U.S.-China 'phase one' trade dealThe United States and China have agreed on the terms of a 'phase one' ... Our policies are really day to day based on mood swings, who offers dark money. Who knows.
Source: Reuters - 🏆 2. / 97 Read more »