Assume the position and.....Stupid question but what was the old trade agreement with China before Trump?
normal. before Donnie ####ed it upStupid question but what was the old trade agreement with China before Trump?
Donald J. TrumpThe General said:Whatever deal it is we will hear that it is the greatest deal in the history of deals and that no one else could have ever possibly done this especially Obama.
The last guy to use the phrase “Great Patriot Farmers” was Josef Stalin, just before his Five Year Plan which ended up murdering most of them...Donald J. Trump
@realDonaldTrump
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2h
The deal I just made with China is, by far, the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our Country. In fact, there is a question as to whether or not this much product can be produced? Our farmers will figure it out. Thank you China!
The good news(relatively speaking) is that Trump might not get a year, let alone 5. Maybe the next president can fix some of this mess.The last guy to use the phrase “Great Patriot Farmers” was Josef Stalin, just before his Five Year Plan which ended up murdering most of them...
I’m old enough to remember when nobody announced a deal on an international trade agreement until it was, you know, written down.I’m old enough to remember when conservatives liked free trade and free markets
It is a sad state of affairs when the Chinese state media is more reliable than the president of the USThe Chinese aren’t even calling this “greatest and biggest deal ever” a deal. They are calling it a “temporary halt” to tariffs, like a ceasefire, lol.
Over what period of time?Henry Ford said:Also, sorry, does it say $40-$50 billion in agricultural products annually? That can’t be right.
Like every other agreement Trump has claimed only it wasn't really any agreement? At least he didn’t try the fake “Ive got the agreement right here” holding up some random paper.The Chinese aren’t even calling this “greatest and biggest deal ever” a deal. They are calling it a “temporary halt” to tariffs, like a ceasefire, lol.
Yet. He hasn't done it yet.Like every other agreement Trump has claimed only it wasn't really any agreement? At least he didn’t try the fake “Ive got the agreement right here” holding up some random paper.
Been hibernating lately?It is a sad state of affairs when the Chinese state media is more reliable than the president of the US
It was like being the red head kid in school—you got beat up every day and anything you had of value was stolen.Stupid question but what was the old trade agreement with China before Trump?
Well, as I said, annually. So.... a year.Over what period of time?
Where is that detail being reported? I hadn’t read anything reporting specifics of time frame.Well, as I said, annually. So.... a year.
I read it here.Where is that detail being reported? I hadn’t read anything reporting specifics of time frame.
Thanks. We’ll see how the details shake out. I’m guessing a bit of a shell game with numbers and some symbolic wording working to protect IP theft. Trump declaring major victory the likes never seen before.
Aren’t you the South Carolina guy, @Slapdash? Good win today!It is a sad state of affairs when the Chinese state media is more reliable than the president of the US
There really wasn't one that I know of....it was generally "free trade" for the most part with some of the standard tariffs. Nothing special about the relationship. People didn't like the terms China required for access to their market. That's a decision left to the business person...don't like it? Don't go to that market. Then there were IP theft issues which definitely need to be addressed. That's flat out wrong.Stupid question but what was the old trade agreement with China before Trump?
Trump even said in his tweet the farmers might not be able to produce enough product to cover 40 to 50 billion.It doesn’t really matter if they agreed to that. The only way we’re selling them $50 bn a year in agricultural products is if we double the price of soybeans.
Good question. The Commish answered it as best as I know about it. Other answers you received had nothing to do with anything involving trade. I'd bet the snarky answers you got, they couldn't even name what the previous deal had at all. I'd also bet those snarky commenters couldn't point to China correctly on a map of China. So, there's that.Stupid question but what was the old trade agreement with China before Trump?
Not gonna lie...this was the first thing that came to mind.It doesn’t really matter if they agreed to that. The only way we’re selling them $50 bn a year in agricultural products is if we double the price of soybeans.
I think the issue us that if we had just mirrored China's approach to the USA, the trade war would have been even worse.There really wasn't one that I know of....it was generally "free trade" for the most part with some of the standard tariffs. Nothing special about the relationship. People didn't like the terms China required for access to their market. That's a decision left to the business person...don't like it? Don't go to that market. Then there were IP theft issues which definitely need to be addressed. That's flat out wrong.
The US couldn't do what China is doing unless our laws were changedI think the issue us that if we had just mirrored China's approach to the USA, the trade war would have been even worse.
It's stolen from Tom Clancy's ideas towards Japan in the 80s, but I would have phrased the trade issues as reciprocity, not as punitive. China requires native ownership...now the States do as well, that type of thing.
Autocracy has its privileges...The US couldn't do what China is doing unless our laws were changed
Oh noes, who could have seen that coming...
Jenny Leonard @jendeben · 1h
Scoop from my colleagues in Beijing: China isn’t ready to sign what Trump calls the “phase one” deal without more talks later this month. Beijing also wants commitments prior to signing that the next round of U.S. tariffs, scheduled for Dec. 15, is off.
It’s so weird that they wouldn’t agree that the talks have concluded. No one would have seen that coming from the fact that it isn’t even in writing yet.
Jenny Leonard @jendeben · 1h
Scoop from my colleagues in Beijing: China isn’t ready to sign what Trump calls the “phase one” deal without more talks later this month. Beijing also wants commitments prior to signing that the next round of U.S. tariffs, scheduled for Dec. 15, is off.
"Trade wars are easy"!So Trump starts a round of tariffs and China retaliates and now Trump can't even get an agreement to stop that? Art of the Deal!
Democratic congresswoman Abby Finkenauer from Iowa said the agreement should not be interpreted as a clear win for US farmers. “The President started this fire, and he should not be taking a victory lap over putting only part of that fire out. The markets we took decades to build have been lost to countries like Brazil,” she said in a statement. (During the trade war, with tariffs between the US and China, Chinese buyers have turned to Brazil for many agricultural products like soybeans.)Slapdash said:How many times have we seen this crap from Trump? And people fall for it every time.
China very well could make this kind of deal though. See this thread from one of the better trade experts I read: https://twitter.com/Brad_Setser/status/1182763704368205824Democratic congresswoman Abby Finkenauer from Iowa said the agreement should not be interpreted as a clear win for US farmers. “The President started this fire, and he should not be taking a victory lap over putting only part of that fire out. The markets we took decades to build have been lost to countries like Brazil,” she said in a statement. (During the trade war, with tariffs between the US and China, Chinese buyers have turned to Brazil for many agricultural products like soybeans.)
The previous high for Chinese purchasing of agricultural commodities was 25 billion in 2014. You don’t make agreements with other countries like Brazil for 18 months during a trade war with the US, build infrastructure in S. America and then say to them “thanks for supplying us with your soybeans but we are now going to go back to the US and buy double the amount of Ag commodities than we ever have before. Ain’t happening folks, get real!
China purchased about 9 billion last year. That is a lot of value added commodities away from 50 billion. I don’t buy it.China very well could make this kind of deal though. See this thread from one of the better trade experts I read: https://twitter.com/Brad_Setser/status/1182763704368205824
I think the last comment sums it up.China purchased about 9 billion last year. That is a lot of value added commodities away from 50 billion. I don’t buy it.
I don't buy it will happen either, but it could given how China runs their country. They can also very easily close off other markets when they want.China purchased about 9 billion last year. That is a lot of value added commodities away from 50 billion. I don’t buy it.