By Jack Davis | December 2, 2018 (westernjournal.com)
China will increase its purchases of a broad range of American products under an agreement that will stave off a tariff increase President Donald Trump had planned to impose on Jan. 1, officials announced Saturday.
China agreed to buy “a very substantial amount of agricultural, energy, industrial, and other products from the United States to reduce the trade imbalance between our two countries,” White House press secretary Sarah Sanders said in a statement, according to Politico.
China will “start purchasing agricultural product from our farmers immediately,” Sanders said.
In her statement, she said that Trump and Chinese President Xi Jinping “agreed to immediately begin negotiations on structural changes with respect to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft, services and agriculture.”
Ryan Fournier | @RyanAFournier
Kyle Hansen, ALC | @KyleHansenALC
“Both parties agree that they will endeavor to have this transaction completed within the next 90 days. If at the end of this period of time, the parties are unable to reach an agreement, the 10 percent tariffs will be raised to 25 percent,” she said.
Xi also agreed to designate fentanyl as a controlled substance, meaning that Chinese citizens selling the drug are subject to China’s maximum penalty, Sanders said in the statement, according to the White House media press pool.
Ryan Saavedra | @RealSaavedra
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BREAKING: China has agreed to label fentanyl a controlled substance after a meeting between President Donald Trump and Chinese President Xi Jinping.
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The move represents a crackdown on the deadly synthetic opioid which kills well over 100 people a day in the U.S.
The decision came after a meeting between American and Chinese officials at the G20 summit in Argentina.
“This was an amazing and productive meeting with unlimited possibilities for both the United States and China,” Trump said. “It is my great honor to be working with President Xi.”
At the summit meeting, Trump emphasized the positive nature of his relationship with Xi, New York Times reported.
Western Journal Source Article Here
Statement from the Press Secretary Regarding the President’s Working Dinner with China Here
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[–] viperguy 1 point 4 points 5 points (+5|-1) ago (edited ago)
Be wary... some of these so called wins in retrospect years later are merely "saving face" agreements where each side claims success in their press.
For example the canadian huge new agreement with Canada and USA to allow dairy and eggs from USA (one third the price compared to socialist canadian products) into canada is RESTRICTED TO BARELY ONE PERCENT OF TOTAL CANADIAN CONSUMPTION!!!!
HA!
Of course if not limits, then the entire socialist economy of canada would go out of business in a year or two and all dairy and eggs and cheese would be eventually be USA products, so I understand SOME limits.
But the outrageous canadian tariffs kick in at barely a measly one percent of import tonnage.
Its just called "saving face" politics, but I assume Trump's deals are still far better not worse, than any prior deals.
[–] pwdwp [S] 0 points 5 points 5 points (+5|-0) ago
Funny, your comment is similar to how CNN or MSNBC are reporting any good accomplishment made by President Trump.
[–] Celvii 0 points 1 point 1 point (+1|-0) ago
I would have liked to see the 25% tariffs on China go into effect...might still given China's negotiation history. The way to handle Chinese imports is to stop buying their lame crap. Its terrible. Start a website called "Chinese Crap" and list all the consumer goods made in China that crapped out within a year or less of purchase and where they were bought. Boycott!