White House delays new tariffs on China
Source: Tribune News Service
WASHINGTON — President Donald Trump will not impose new tariffs on an additional $160 billion of Chinese imports that were scheduled to take effect this weekend, after tentatively signing off Thursday on a so-called phase one trade agreement with Beijing, according to an administration official close to the process.
Trump’s promise of a deal overhauling trade with China has languished for most of his presidency, as he toggled between negotiating an “epic” deal and punishing Beijing with tariffs.
While the substance of the phase one deal — which Trump first announced in early October — remained unclear, it does not come close to a comprehensive resolution of U.S. complaints related to China’s subsidies of its state businesses and its forced technology transfers by U.S. corporations in the country. Those complaints were the basis for Trump’s tariffs and larger trade war in the first place.
Trump met in the afternoon with U.S. Trade Representative Robert Lighthizer, who presented the outlines of the partial deal, according to the official. The president approved. There was no confirmation from the Chinese, although officials have spoken more optimistically in recent days of their talks with the U.S.; they are expected to comment on the trade talks overnight and could confirm a deal on Friday.
Read more: https://www.yourstephenvilletx.com/zz/news/20191212/white-house-delays-new-tariffs-on-china
Source: Stephenville, TX Empire-Tribune
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No, Trump hasn't gotten ANY deal of ANY kind.
He is unilaterally not imposing additional tariffs, in the hopes that nobody notices that there is no paper agreement, no trade contract of any kind. And with his attacks on the WTO, there isn't any enforcement mechanism for any trade deals anyway.
I just don't understand how these bozos on the right don't see it for what it is- pure hucksterism and snake oil.
