enhanced_deficit
05-22-2018, 09:10 AM
This came up in another discussion and seems important deveopment as this what Dems had been saying only so far.
U.S. accused of blinking on China trade standoff as N. Korea meeting looms
'China is winning the negotiations,' said one Republican senator.
by Martha C. White / May.21.2018
On Sunday, the Trump administration surprised the business world by announcing it would pull back on its plan to impose tariffs on Chinese goods. After many months of threats and tweets about China's unfair trading practices, suddenly the U.S. was "putting the trade war on hold," in the words of Treasury Secretary Steven Mnuchin, and it was not clear what, if anything, China had to give up in return.
That led to charges that China had outmaneuvered President Donald Trump.
"I think this president has shown in a number of different issues that he wants a headline more than he actually wants to solve a problem," said Gabriel Horwitz, vice president for the economic program at Third Way.
"China is winning the negotiations," Sen. Marco Rubio, R-Fla., wrote in a tweet (https://twitter.com/marcorubio/status/998510770001514496). "Their concessions are things they planned to do anyways. In exchange they get no tariffs, can keep stealing intellectual property & can keep blocking our companies while they invest in the U.S. without limits."
The abrupt reversal had even seasoned trade experts scratching their heads, with some expressing concern that the United States had weakened its position with on-again, off-again threats of a trade war.
“There’s a big question mark as to who’s actually put points on the board, and has the overall macroeconomic dynamic shifted at all?” said Horwitz.
https://www.nbcnews.com/business/bus...-looms-n876126
Related
Developing...
NBC Natioal Security Expert: North Korea giving up its Nukes is as likely as Mexico paying for the wall
'Weird, odd, a dumpster fire': Trump's North Korea summit coin ridiculed (https://www.theguardian.com/us-news/2018/may/22/donald-trump-north-korea-coin-kim-jong-un-nuclear-talks)Rubio threatens 'veto-proof congressional action' to check Trump's move to save Chinese ZTE (http://www.ronpaulforums.com/showthread.php?522481-Rubio-threatens-veto-proof-congressional-action-to-check-Trump-s-move-to-save-Chinese-ZTE&)
U.S. accused of blinking on China trade standoff as N. Korea meeting looms
'China is winning the negotiations,' said one Republican senator.
by Martha C. White / May.21.2018
On Sunday, the Trump administration surprised the business world by announcing it would pull back on its plan to impose tariffs on Chinese goods. After many months of threats and tweets about China's unfair trading practices, suddenly the U.S. was "putting the trade war on hold," in the words of Treasury Secretary Steven Mnuchin, and it was not clear what, if anything, China had to give up in return.
That led to charges that China had outmaneuvered President Donald Trump.
"I think this president has shown in a number of different issues that he wants a headline more than he actually wants to solve a problem," said Gabriel Horwitz, vice president for the economic program at Third Way.
"China is winning the negotiations," Sen. Marco Rubio, R-Fla., wrote in a tweet (https://twitter.com/marcorubio/status/998510770001514496). "Their concessions are things they planned to do anyways. In exchange they get no tariffs, can keep stealing intellectual property & can keep blocking our companies while they invest in the U.S. without limits."
The abrupt reversal had even seasoned trade experts scratching their heads, with some expressing concern that the United States had weakened its position with on-again, off-again threats of a trade war.
“There’s a big question mark as to who’s actually put points on the board, and has the overall macroeconomic dynamic shifted at all?” said Horwitz.
https://www.nbcnews.com/business/bus...-looms-n876126
Related
Developing...
NBC Natioal Security Expert: North Korea giving up its Nukes is as likely as Mexico paying for the wall
'Weird, odd, a dumpster fire': Trump's North Korea summit coin ridiculed (https://www.theguardian.com/us-news/2018/may/22/donald-trump-north-korea-coin-kim-jong-un-nuclear-talks)Rubio threatens 'veto-proof congressional action' to check Trump's move to save Chinese ZTE (http://www.ronpaulforums.com/showthread.php?522481-Rubio-threatens-veto-proof-congressional-action-to-check-Trump-s-move-to-save-Chinese-ZTE&)