Current Events > Trump and China declare 90 day truce on trade war

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https://www.businessinsider.com/trump-china-trade-war-tariffs-90-days-2018-12

BUENOS AIRES, Argentina (AP) The United States and China reached a 90-day ceasefire in a trade dispute that has rattled financial markets and threatened world economic growth. The breakthrough came after a dinner meeting Saturday between President Donald Trump and Chinese leader Xi Jinping at the Group of 20 summit in Buenos Aires.

Trump agreed to hold off on plans to raise tariffs Jan. 1 on $200 billion in Chinese goods. The Chinese agreed to buy a "not yet agreed upon, but very substantial amount of agricultural, energy, industrial" and other products from the United States to reduce America's huge trade deficit with China, the White House said.

The truce buys time for the two countries to work out their differences in a dispute over Beijing's aggressive drive to supplant US technological dominance.

In another long-sought concession to the US, China agreed to label fentanyl, the deadly synthetic opioid responsible for tens of thousands of American drug deaths annually, as a controlled substance.

The Trump-Xi meeting was the marquee event of Trump's whirlwind two-day trip to Argentina for the G-20 summit after the president canceled a sit-down with Russian President Vladimir Putin over mounting tensions between Russia and Ukraine. Trump also canceled a Saturday news conference, citing respect for the Bush family following the death of former President George H.W. Bush.

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This is how you win trade wars
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Trade wars are good, and easy to win

Rob Cesternino posted...

The Chinese agreed to buy a "not yet agreed upon, but very substantial amount of agricultural, energy, industrial" and other products from the United States to reduce America's huge trade deficit with China, the White House said.

God bless
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Neat
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#MAGA #Winning
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is this the art of the deal I've been hearing about
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This real, or is it gonna be yet another Trump administration telling us one thing and reality being another?
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trump admitting defeat, but only temportarily

imagine thinking this incredibly stupid, fat, lazy, cowardly waste of flesh is alpha. lmao
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If we went to war with China, the Trump administration would run ads depicting them as Fu Man Chu types.

:/

FLUFFYGERM posted...

Rob Cesternino posted...

The Chinese agreed to buy a "not yet agreed upon, but very substantial amount of agricultural, energy, industrial" and other products from the United States to reduce America's huge trade deficit with China, the White House said.

God bless

What's that idiom about unborn chickens again?
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Time to buy John Deere stock
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Now watch the talking head praise this as a genius and amazing move by Trump when it's just temporary halting the madness he started and anyone who points this out will be a trump deranged liberal or something to that effect.
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