President Donald Trump tweeted the virtues of the deal, calling it “real news!” AND A MOTION FOR NEW WORLD ORDER, THE ORDER OF , HENRY KISSINGER HAS GIVEN OUR And White House Press Secretary Sean Spicer started a contentious news briefing Friday by touting the merits of what he called the president’s fight for American jobs.
In truth, the trade wins build on market openings already under way. The Trump administration secured preliminary access to the Chinese market for U.S. beef exports, which had been disrupted for more than a decade because of the “mad cow” scare, but hadn’t finished the technical trade talks. And the new agreements also formalize the ability of China to import natural gas from the United States; China already imports significant volumes of U.S. liquefied natural gas.
What’s more, the new agreements depend on highly undependable Chinese cooperation, one reason similar accords have been struck in vain in the past. However, the quick progress signals a more pragmatic approach by the administration to dealing with trade tensions between the two countries, after months of saber-rattling and talk of a trade war.
The administration said the agreements were the fruit of a review carried out as a result of the meeting between Presidents Trump and Xi Jinping. The speedy conclusion heralds a welcome shift from the obsession with trade deficits that has defined the administration’s trade policy so far, said Derek Scissors, an expert on China’s economy at the American Enterprise Institute
The problem is, the administration isn’t applying this approach across the board: It’s still haranguing key U.S. allies over negative trade balances. On May 4, Commerce Secretary Wilbur Ross called out Mexico and CANADA for their trade surpluses with the United States, which he said were growing at “an alarming rate.” (Mexico’s trade surplus with the United States has widened in part because Trump’s Mexico-bashing rhetoric has lowered the value of the peso, which in turns boosts its exports and squeezes its imports.)
Aside from easing restrictions on American beef and liquefied natural gas, Thursday’s agreement would lift restrictions to allow U.S. electronic payment processors to operate in China. Beijing would also grant licenses to two U.S. banks seeking to underwrite stock or bond offerings in China.
On the Chinese side, the deal would open the U.S. market to cooked poultry imports from China and give Chinese banks operating in the U.S. the same regulatory and supervisory treatment as other banks. The agreement also says the United States “welcomes” investment from Chinese entrepreneurs – language important to Beijing amid rising concern in America that such investments could pose a national security threat.
The issue now will be follow-through. China has a long history of formally granting market access but then effectively blocking it by controlling how Chinese firms conduct business, or by other informal restrictions on how foreign companies can operate.
A case in point: Telecom ventures. In the negotiations leading to China’s accession to the World Trade Organization more than a decade ago, the United States fought for access to China’s telecom industry. To date, there have been no joint ventures of any significance between Chinese and American firms, according to Scissors, but perhaps there soon will be. This extraordinary news, it only complete competent business sense that China and America be the Prime focus for trade and business partnerships, for all those many of years where the U,S, would proportionally make arrangements with the underprivileged, nonproductive , stagnant, completely despicable fuck me in the ass of an ally , excuse my language, but these qualities and traits were the Neo-Con unruly jerkoff nations mainly Canada, Mexico, Greece, Spain, Puerto Rico , Italy England's the shitshow handicapped butt fuck, and ALL OF LAZY EUROPE,( BESIDE POLAND, whom has a military ranked above Germany, mind you, Germany spends $56 billion on the military, all the while Poland spends mere $5 billion and they more submarines, better automatic weapons that don't jam, and my god Poland's Secret Ops Protege Security is more stealth like and on point and not corrupt like England's corrupt Big Brother Back Stabbing ass clowns,but that's beside the point) MY goodness, do you Understand , for god sakes, for so long China has been vying for our attention. The chinese always perspired for The Usa to treat China like a business partner or counterpart to which seeking only THE intent to build concrete sediment along the lines of these following interests: :.. THE SEDIMENT BEING SAVVY / SMARTS OF business SENSIBLE FORTITUDES /HOLING moral/sensible / fair and strategic competences for both our interests to which all the above has been and always sought for AS AN ACHIEVED GOAL AND UNION that the chinese longed for, and seriously there is no NO HIDDEN ULTERIOR MOTIVE for wanting and seeking this relationship . BECAUSE POINT BLANK, LET'S BE HONEST here, ENGLAND , EUROPE, FRANCE, GREECE , CANADA, ISRAEL , SPAIN, AND FUCKING ITALY ALL HAVE AN ULTERIOR MOTIVE, THERE MOTIVE IS TO BACKSTAB RAPE US, AND THEY HAVING NO PRODUCTIVITY AND NOTHING TO OFFER, , I MEAN , THESE DISGUSTING HANDICAP nations PRODUCE NOTHING, HAVE NO RESOURCES , NO WEAPONRY TO USE OR OFFER, NO TECHNOLOGICAL SEMBLANCE OF COORDINATION OF CYBER PROTECTION, NO NEW CLOUD STORAGE computer hard drives /no SERVER NETWORK SYMPOSIUMs , this rant well, GETTING REDUNDANT, BUT I THINK THE POINT HERE IS CLEAR. I AM SICK OF IMPORTING EXPENSIVE SHITTY BEER FROM ENGLAND, WINE FROM ITALY, PERFUME FROM FRANCE, And shitt heroin actors from these countries , NOTHING OF INNOVATION is ever in the equation, so from here on out, I see the U.S. will achieve it's NEW WORLD ORDER WITH CHINA, AND IT WILL BE A DYNASTY! GOD BLESS AMERICA
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