CHINA JUST CAVED! Trump Just Won Another Major Battle For Americans!
SOURCE : https://goo.gl/HksRJt
President Trump campaigned on the promise to “Make America great again” and according to many of his followers, he’s really doing that. Most of the Trump voters believe that his work while in office makes good on that promise, because of not only immigration but the economy. However, liberals believe that their support of him is a skewed measuring stick that can’t be trusted.
Because the poof is in the numbers, many would like to see hard and fast facts that back up the success of the Trump Presidency. One of the things that his opposition was most frustrated about was the prospect of President Trump working on international relations. They believed him to be too aggressive, and not diplomatic enough.
The time spent with international leaders would debunk that idea though, considering the leaps and bounds that U.S. international relationships have taken with a “no bull” approach being taken by President Trump and those under his command. The most recent example of that is the trade deal that the President has pushed China into. According to AP News, China’s President Xi Jinping just announced a trade agreement that is a huge win for the United States, and our bottom line.
Because of Trump’s aggressive stance towards our trade imbalance with China, the communist country will now:
– Cut tariffs on automobiles & other products
– Increase imports overall
– Protect intellectual property of foreign companies
– Open the Chinese economy to foreign companies more
Trump has tweeted about our trade deficit with China on many occasions.
It looks like China is caving to President Trump’s demands.
“BEIJING (AP) — President Xi Jinping promised Tuesday to cut China’s auto tariffs and improve intellectual property protection in possible concessions aimed at defusing a worsening dispute with Washington over trade and technology that investors worry could set back the global economic recovery.
Speaking at a business conference, Xi made no direct mention of his American counterpart, Donald Trump, or the dispute. He promised progress on areas that are U.S. priorities including opening China’s banking industry and boosting imports but didn’t address key irritants for Washington such as a requirement for foreign companies to work through joint ventures that require them to give technology to potential local competitors.
Xi tried to position China as a defender of free trade and cooperation, despite its status as the most-closed major economy, in response to Trump’s “America first” calls for import restrictions and trade deals that are more favorable to the United States.
‘China’s door of opening up will not be closed and will only open wider,’ said Xi at the Boao Forum for Asia on the southern island of Hainan.
Xi said Beijing will ‘significantly lower’ tariffs on auto imports this year and ease restrictions on foreign ownership in the auto industry “as soon as possible.”
Trump has threatened to raise tariffs on Chinese goods worth $50 billion in response to complaints Beijing pressures foreign companies to hand over technology in violation of its World Trade Organization market-opening commitments. Beijing fired back with its own $50 billion list of U.S. goods for possible retaliation.
The Chinese leader promised to encourage “normal technological exchange” and to “protect the lawful ownership rights of foreign enterprises.”
“President Xi’s speech could create a very good platform to launch U.S.-China dialogue at the WTO to find a deal on intellectual property rights,” said economist Rajiv Biswas of IHS Markit in a report. “This would be a victory for the world trading system and an important step away from the abyss of rising global protectionism.”
Also Tuesday, China filed a WTO challenge against Trump’s earlier tariff hike on steel and aluminum in a separate dispute.
Beijing, which has issued a $3 billion list of U.S. goods including pork and apples for possible retaliation, requested 60 days of consultations as a first step. If that fails, the Chinese government can ask for a ruling from a WTO panel of experts.”
Lower tariffs mean fewer dollars being taken out of American pockets when trading with China, which is something that the United States does quite a bit of. More money for Americans means a better economy, which means better jobs and more money to spend on stuff that we will probably buy from China.
Trump tweeted his gratitude for the moves.
While many are still holding their collective breath, waiting for the President to fail when making deals with foreign governments, thus far, the deal maker himself has been brokering some pretty positive deals for the United States economy.
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