US- China trade deal about to collapse

[Marina Schwarz + 1,576]

Exclusive: China backtracked on nearly all aspects of U.S. trade deal - sources

I'm sure everyone's shocked because this was so superunexpected.

[ceo_energemsier + 1,818]

7 hours ago, Marina Schwarz said:

Exclusive: China backtracked on nearly all aspects of U.S. trade deal - sources

I'm sure everyone's shocked because this was so superunexpected.

Yawn! LOL

[RuudinFrance + 25]

Donald Trump has a way of making "friends".

He's got them in Asia, Europe, Middle East, South America, Russia and surely a few more places. These friends are "friends" only as present practicalities require it. In the meantime, they think and plot, play "friends" in order to get into the situation where they can backstab the king-backstabber. And much the bully deserves it.

People around the world hear him say: "America first" and they think to themselves: "Just wait and see when we decide for you to do exactly that, but .... on your own." Then, America fails.

China (trade "talks", like blackmail), Europe (Nordstream II, NATO, silly ambassadors in most EU countries), Russia (but Vlad is better situated than EU), Turkey, Arab countries (arrogant and proud nations with long memories). I'm not able to produce a really comprehensive list.

And when Donald is gone 2020 or 2024, these sentiments will linger, the world will no longer remember him and blame the American nation.

Trump found a "friend" in Kim Jong-un (LOL) (defensive flares only, yesterday), Chinese trade talks start tomorrow in USA, just let's see what these "friends" come forward with. They'll not have forgotten the Huawei case yet (still running strong), nor the tariffs. I'm not sure they will roll over easily, but they may, yet again, with ever more resentment. So many Chinese companies cannot pay back their loans, maybe Xi decides that that's OK and let bond holders sit with their valueless paper. Maybe he'll up the ante on The Spratleys, or even Taiwan. Get closer yet to Putin and work harder on the New Silk Route. Just anything to be merely irritating to The Donald. And he'll keep on smiling his "friendly" Pooh smile.

When is the world going to decide the end of the petrodollar? That'll be a major hit. Personally, I believe it's about (way over, actually) time. How much physical gold does China have in it's coffers? India? Russia? Any takers?

Ahh, kay sera, sera.

In the meantime,

have fun.

 

 

[Tom Kirkman + 8,860]

Details of Beijing Reversal Surface – China Said: ‘trust us’ – USTR Lighthizer said: ‘go spit'

US Trade Representative Robert Lighthizer has filed the official notification with the federal register for the increase in Section 301 tariffs from 10% to 25% effective Friday (full pdf below).  Additionally Reuters has exclusive details of the collapse in U.S-China trade talks.

As most Conservative Tree House readers are aware, Lighthizer has focused heavily on the enforcement mechanisms within the trade talks. [Previous Bookmark] Apparently, when the 150 page draft agreement was presented to the Chinese politburo, Beijing balked at allowing the U.S. to hold controlling enforcement over the trade agreement terms.

The fallback presentation from Vice-Chairman Liu was: we cannot put the binding enforcement mechanisms in writing, you’ll have to ‘trust us’ to honor the agreement; at which time Lighthizer said no-way.

...

[Marina Schwarz + 1,576]

10 hours ago, RuudinFrance said:

And when Donald is gone 2020 or 2024, these sentiments will linger, the world will no longer remember him and blame the American nation.

I really hate to say it but these sentiments are not at all new and Donald-centric. He's just more direct about things than his predecessors. I  appreciate this directness. It makes for a welcome change.