goldenequity
02-26-2019, 07:47 AM
Trump Lacks Basic Economic Understanding Says Yellen, Days After Chinese Trade Envoy Laughs in His Face
https://www.haaretz.com/us-news/trump-lacks-basic-economic-understanding-says-yellen-1.6975548
https://images.haarets.co.il/image/upload/w_1149,h_669,x_2,y_0,c_crop,g_north_west/w_857,h_482,q_auto,c_fill,f_auto/fl_any_format.preserve_transparency.progressive:no ne/v1551184033/1.6975637.959990305.JPG
Trump met with top Chinese trade officials on Friday in the Oval Office in an exchange which went viral after Chinese vice premier Liu He laughed out loud as Trump sparred with his top trade negotiator Robert Lighthizer.
"I don’t like MOUs (memorandums of understanding) because they don’t mean anything," Trump said during the exchange, "To me, they don’t mean anything."
Lighthizer tried to clarify, "An MOU is a contract, it's the way trade agreements are generally viewed... an MOU is a binding agreement between two people. It's detailed. It covers everything in great detail. It's a legal term. It's a contract."
"By the way, I disagree," Trump quickly shot back, to which Liu burst out laughing.
https://media.giphy.com/media/mpfMDb6MB6EWQ/giphy.gif
https://www.haaretz.com/us-news/trump-lacks-basic-economic-understanding-says-yellen-1.6975548
https://images.haarets.co.il/image/upload/w_1149,h_669,x_2,y_0,c_crop,g_north_west/w_857,h_482,q_auto,c_fill,f_auto/fl_any_format.preserve_transparency.progressive:no ne/v1551184033/1.6975637.959990305.JPG
Trump met with top Chinese trade officials on Friday in the Oval Office in an exchange which went viral after Chinese vice premier Liu He laughed out loud as Trump sparred with his top trade negotiator Robert Lighthizer.
"I don’t like MOUs (memorandums of understanding) because they don’t mean anything," Trump said during the exchange, "To me, they don’t mean anything."
Lighthizer tried to clarify, "An MOU is a contract, it's the way trade agreements are generally viewed... an MOU is a binding agreement between two people. It's detailed. It covers everything in great detail. It's a legal term. It's a contract."
"By the way, I disagree," Trump quickly shot back, to which Liu burst out laughing.
https://media.giphy.com/media/mpfMDb6MB6EWQ/giphy.gif