Saturday, October 12, 2019

Trump delivers on Trade Democrats despondent

Trump has gotten Chine to triple its purchase of US farm products over the next two years.  That's $40-50 billion a year in business for American farmers.

China is also opening up their financial service markets, and addresses intellectual property agreements as well as currency manipulation.

China agreed because Trump was going to increase tariffs on 10/15.

The next phase of the negotiations are starting now.

Interestingly this shows that the Chinese expect Trump to be around after 2020 because if they didn't then they'd have tried to wait him out.  But the impact on China of the US finally fighting back in the trade war that China started long ago--when Trump took office the average tariff on US products entering China was 4 times higher than the average tariff on Chinese products entering the US--has been severe.

Once again Trump's right and his critics have been shown to be wrong.

This will make the Democrats despondent and you can be fairly sure that the #FakeNews media will either ignore or really spin this victory for American workers.

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