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
-
BREAKING: China has agreed to label fentanyl a controlled substance after a meeting between President Donald Trump and Chinese President Xi Jinping.
-
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
view the rest of the comments →
[–] QisforQuakery ago (edited ago)
You're kidding right?
No they are not. They are result of crops being grown for export and then as the harvest is coming, the president starts an unnecessary trade war and China starts buying its soybeans elsewhere. We plant more acres of soybeans than just about anything, except maybe corn.
[–] mark7 0 points 1 point 1 point (+1|-0) ago
When you live on the margins, you risk failure. New combines, land, ect. are all capital choices not everyone makes. When times are bad, marginal operations fail. Others survive. Times will be good again. Better. Can you survive til then, or not? If you can't,. is it DJTs' or anyone elses fault? You pays yer money, and you takes yer chances. period. Free will exists. Those would ride the winds, are also carried away by them.