The Briefing Room

General Category => Economy/Business => Topic started by: Free Vulcan on May 20, 2018, 10:12:34 pm

Title: U.S., China back off on tariffs, easing trade tensions
Post by: Free Vulcan on May 20, 2018, 10:12:34 pm: BEIJING, China (3rd UPDATE) â€“ US Treasury Secretary Steven Mnuchin confirmed Sunday, May 20, that Washington and Beijing have agreed to back off from imposing tariffs on each other, a day after reaching an accord on slashing the American trade deficit with China.

"We have made very meaningful progress and we agreed on a framework," Mnuchin told Fox News Sunday. "So right now we have agreed to put the tariffs on hold while we try to execute the framework."

China's Vice Premier Liu He, who led a high-level delegation to the United States this week, meantime confirmed that "the two sides reached a consensus, will not fight a trade war, and will stop increasing tariffs on each other," official Chinese news agency Xinhua reported.

Read more at: https://www.rappler.com/world/global-affairs/202927-us-china-end-trade-war (https://www.rappler.com/world/global-affairs/202927-us-china-end-trade-war)
Title: Re: U.S., China back off on tariffs, easing trade tensions
Post by: Frank Cannon on May 20, 2018, 10:17:11 pm: Gosh. We were told that we can't negotiate with the Chinamen and that we should just bend over and take it. Good thing Donny didn't get that memo.

MAGA!
Title: Re: U.S., China back off on tariffs, easing trade tensions
Post by: RoosGirl on May 20, 2018, 10:22:00 pm: If I read it right, they've backed off on adding *more* tariffs, and will negotiate removing existing ones... possibly.
Title: Re: U.S., China back off on tariffs, easing trade tensions
Post by: endicom on May 20, 2018, 10:40:42 pm: Let's see if Tokyo opens higher.
Title: Re: U.S., China back off on tariffs, easing trade tensions
Post by: Frank Cannon on May 20, 2018, 10:44:05 pm: Quote from: endicom on May 20, 2018, 10:40:42 pm
Let's see if Tokyo opens higher.

I don't know. They got good drugs over there?
Title: Re: U.S., China back off on tariffs, easing trade tensions
Post by: Free Vulcan on May 20, 2018, 10:48:23 pm: Quote from: endicom on May 20, 2018, 10:40:42 pm
Let's see if Tokyo opens higher.

SPX futures jumped on the open.
Title: Re: U.S., China back off on tariffs, easing trade tensions
Post by: Concerned on May 21, 2018, 11:34:52 pm: Tweet from Marco Rubio provides a good summary of this "great deal":

Quote
#China is winning the negotiations. Their concessions are things they planned to do anyways. In exchange they get no tariffs, can keep stealing intellectual property & can keep blocking our companies while they invest in the U.S. without limits. #Losing

https://twitter.com/marcorubio
Title: Re: U.S., China back off on tariffs, easing trade tensions
Post by: Oceander on May 22, 2018, 12:30:45 am: Quote from: Frank Cannon on May 20, 2018, 10:17:11 pm
Gosh. We were told that we can't negotiate with the Chinamen and that we should just bend over and take it. Good thing Donny didn't get that memo.

MAGA!

/snicker

MCGA
Title: Re: U.S., China back off on tariffs, easing trade tensions
Post by: Concerned on May 22, 2018, 12:49:45 am: Quote from: Oceander on May 22, 2018, 12:30:45 am
/snicker

MCGA

You mean like this?

(http://images.customplanet.com/UserCreatedImages/MainDisplayImages/Front/8bde68da-feac-4ddf-a45b-993c31251fb0.png)

Our President seems to be promoting China jobs by supporting ZTE with his "too many jobs in China lost" tweet.
Title: Re: U.S., China back off on tariffs, easing trade tensions
Post by: Oceander on May 22, 2018, 01:12:18 am: Quote from: Concerned on May 22, 2018, 12:49:45 am
You mean like this?

(http://images.customplanet.com/UserCreatedImages/MainDisplayImages/Front/8bde68da-feac-4ddf-a45b-993c31251fb0.png)

Our President seems to be promoting China jobs by supporting ZTE with his "too many jobs in China lost" tweet.

Yup