One of the positives about the orange man’s administration is that he’s been at least trying to improve the horrible trade imbalances that have caused American jobs to be shipped overseas. This new trade deal with China appears to be a step in the right direction.
President Trump signed a landmark trade agreement with China, heralding a period of detente in a trade war between the world’s two largest economies fueled by decades of complaints that Beijing was manipulating its currency and stealing trade secrets from American firms.
The pact, detailed in a 94-page document, is only the initial phase of a broader deal that Trump has said may come in as many as three sections.
“Together, we are righting the wrongs of the past,” Trump said in a pomp-filled signing ceremony. “It doesn’t get any bigger than this.”
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The purchases will include up to $50 billion of U.S. agriculture, according to Trump and Treasury Secretary Steven Mnuchin, $40 billion of which has been confirmed by Chinese sources. China will also buy $40 billion in services, $50 billion in energy and $75 billion to $80 billion worth of manufacturing, the sources said.
It sounds like this will represent an improvement over the status-quo. The trade deficits we’ve had with China have been insane over the past few decades. So the fact that they’ll be buying some of our agriculture and energy is a good sign.
I just wish the orange man would call off the CIA and State Department stooges that are causing chaos in Hong Kong. We can negotiate with the Chinese in good faith without engaging in that type of chicanery. There’s absolutely no need for us to promote “democracy” and legalized man on man anal sex in every corner of the world.
