Donald Trump was NEVER gonna seriuous impose the steel and metal import taxes he advertised he would…
It was a negociating tactic most of us knew from the jump….
With his Terasuty Sec annoucing that Trump’s action could earn the US anotyher $200 Billion in market share from China the Trump admin will say they got a good deal….
But?
We don’t know if China will actually aloww all that much of their money leaving the country….
And?
Will this deal make American even MORE dependent on China?
The United States has put on hold its plan to impose sweeping tariffs on Chinese products as it presses forward with negotiations to reduce its trade deficit with Beijing, a top priority of President Trump.
Steven Mnuchin, the Treasury secretary, said on Sunday that the two countries had made progress as they concluded two days of intense trade negotiations in Washington late last week. The planned tariffs — on Chinese steel and aluminum, as well as $150 billion worth of other Chinese goods — are off the table while the talks proceed, he said.
“We’re putting the trade war on hold,” Mr. Mnuchin said on “Fox News Sunday.”
After finishing the talks in Washington, the two sides released a joint statement on Saturday that offered little detail about what had been decided. Mr. Mnuchin said on Sunday that they had agreed on a “framework” under which China would increase its purchases of American goods, while putting in place “structural” changes to make it easier for American companies to compete in China and protecting American technology.
While American officials had signaled last week that China had agreed to increase purchases by $200 billion, Mr. Mnuchin declined to confirm that figure. “We have very specific targets; I’m not going to disclose what they are,” Mr. Mnuchin said. “They go industry by industry.”…
Note….
Trump’s intial ‘deals’ to save American jobs from imports and the movement of jobs to countries with cheaper labor have been a ‘bust’…
Trump has also added a sweetner of helping out a Chinese company that his intelligence community has issued warning about...