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US-China Phase One Deal Signed: What Is Inside and What to Expect Next ?

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posted on Jan, 15 2020 @ 09:10 PM
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This is something that should make many international markets happy as it takes the certainty out of what the future holds.

This article does not bring up that the tariffs on Chinese goods which have been cut in half to (7.5%?)until phase two is signed which is already being worked on. IMO this is good news especially about the amount of goods and services China has agreed to buy.. .

US President Donald Trump and Chinese Vice-Premier Liu He on Wednesday signed Phase One of a trade agreement between the two nations, after a lengthy trade war which sowed uncertainty on international markets and slowed the outlook of world economic growth.



"During the two-year period from January 1, 2020, through December 31, 2021, China shall ensure that purchases and imports into China from the United States of the manufactured goods, agricultural goods, energy products, and services identified in Annex 6.1 exceed the corresponding 2017 baseline amount by no less than $200 billion", the text of the agreement reads.

The agreement said China will ensure that it buys $32.9 billion worth of US manufactured goods this year and $44.8 billion in 2021; $12.5 billion in US agricultural goods this year and $19.5 billion in 2021; $18.5 billion in US energy products this year and $33.9 billion in 2021; and $12.8 billion in US services this year and $25.1 billion in 2021.
US, China Agree to Protect Patents, Fight Abuse of Trade Secrets


If this agreement can stop China from stealing trade secrets then it really is a miracle...
sputniknews.com...




posted on Jan, 15 2020 @ 09:20 PM
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Where's the documentation of the actual trade deal itself?

Market sold off today on the trade deal.. doesnt really mean anything really yet but it wasnt the blast off I was expecting...
edit on 15-1-2020 by toysforadults because: (no reason given)



posted on Jan, 15 2020 @ 09:23 PM
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a reply to: 727Sky

The tone between both nations is really striking:


The Chinese delegation also praised the pact. Chinese leader Xi Jinping said in a letter to Trump that the first-phase deal was “good for China, for the U.S. and for the whole world.” He said it also showed the two countries had the ability to “act on the basis of equality and mutual respect.” The letter was read by Beijing’s chief negotiator, Vice Premier Liu He.


Would Trump say such humble words to describe something that would benefit everyone?

It also comes at a massive cost, this trade war with such a giant who has their new business sights not on feeding the American consumerist economy, but building their own middle class really care about Trumps ongoing heavily subsidized agrarian aggression, and suppression?
edit on 15-1-2020 by strongfp because: (no reason given)



posted on Jan, 15 2020 @ 09:26 PM
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a reply to: toysforadults

It's still in phase 1:

Here

China is buying time, they have all the time in the world, Trump and the GOP have potentially five years left.
edit on 15-1-2020 by strongfp because: (no reason given)

edit on 15-1-2020 by strongfp because: (no reason given)



posted on Jan, 15 2020 @ 09:34 PM
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a reply to: 727Sky

The best deals are the one that both sides walk away from thinking they won.

China knows that tariffs are the only way the United States can level the field with cheap Chinese labor.



posted on Jan, 15 2020 @ 09:39 PM
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a reply to: Bluntone22

Annnd that's why you already lost.

China comes out and says they want what's best for everyone, and you have Americans wanting to come out on top, including trump who has blamed China for every wrong doing to the economy, when it's in fact American governments and corporate stooges who sold out to China. Goddamn hypocrites.



posted on Jan, 15 2020 @ 09:40 PM
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originally posted by: strongfp
a reply to: toysforadults

It's still in phase 1:

Here

China is buying time, they have all the time in the world, Trump and the GOP have potentially five years left.
False.

Phase one has been signed, if they wanted to buy time and wait, they wouldn't have committed to the signing.

Trump is strangling their economy and it doesn't have any time to wait, a doomed strategy even the Chinese wouldn't touch.

They relented and signed.



posted on Jan, 15 2020 @ 09:43 PM
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a reply to: Arnie123

Are you blind or just want to be a pain in the ass? Phase one was literally just signed... China is colonizing Africa building their work horse to secure their own middle class, and all you can think about is, what? I don't even know what your on about..



posted on Jan, 15 2020 @ 09:43 PM
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a reply to: strongfp

If you want to place blame put it where it belongs.
The American consumer.



posted on Jan, 15 2020 @ 09:47 PM
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originally posted by: strongfp
a reply to: Bluntone22

Annnd that's why you already lost.

China comes out and says they want what's best for everyone, and you have Americans wanting to come out on top, including trump who has blamed China for every wrong doing to the economy, when it's in fact American governments and corporate stooges who sold out to China. Goddamn hypocrites.
...and what of it? Dude you're old news, the consequences of those corporate stooges actions is what we are seeing RIGHT NOW, why blame Trump for wanting to fix that???

You should be happy that we are taking care of things with china.



posted on Jan, 15 2020 @ 09:48 PM
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a reply to: Arnie123

Greats it signed

What was signed? Where is the text of the trade deal?



posted on Jan, 15 2020 @ 09:49 PM
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a reply to: Arnie123

Are we taking care of China under the direction of Henry Kissinger?

I'm sure Kissinger has our best interest at hand.



posted on Jan, 15 2020 @ 09:49 PM
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a reply to: Arnie123

You aren't taking care of things with China. The USA is a dying empire, lashing out on fruitless, pointless military campaigns in the middle east will only get you so far.



posted on Jan, 15 2020 @ 09:50 PM
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It is a good thing, not perfect but a start. To put thing in perspective Obama beat Hillary over the head with NAFTA in 2008. Go watch the videos. He did zero in eight years about it. He didn't even entertain doing something about it and nobody said a word.

Doesn't matter though. The people responded. He lost both houses and his shoe in replacement got smoked out.



posted on Jan, 15 2020 @ 09:51 PM
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originally posted by: toysforadults
a reply to: Arnie123

Greats it signed

What was signed? Where is the text of the trade deal?



www.google.com...://ustr.gov/sites/default/files/US-China-Agreement-Fact-Sheet.pdf&ved=2ahUKEwiezIfHm4fnAhUWX M0KHSIrBjAQFjACegQIAxAB&usg=AOvVaw3IP2IQmkYWXf3ACzFyuVDh

There is a PDF link here.
edit on 15-1-2020 by Bluntone22 because: (no reason given)



I'm having trouble with the link.

Just Google china trade deal pdf...
edit on 15-1-2020 by Bluntone22 because: (no reason given)



posted on Jan, 15 2020 @ 09:54 PM
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originally posted by: strongfp
a reply to: Arnie123

Are you blind or just want to be a pain in the ass? Phase one was literally just signed... China is colonizing Africa building their work horse to secure their own middle class, and all you can think about is, what? I don't even know what your on about..
Okay, so you're just an emotional mess, cut the BS out and focus on the convo, Phase One trade deal was SIGNED, we need new and ironed out issues involving the worlds largest economies.

WTH do I care about them putting African nations into debt traps? China is expected to have a middle class sooner or later, what of it?



posted on Jan, 15 2020 @ 09:57 PM
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a reply to: Arnie123

Seems to make you upset... not me. I want humanity as whole to succeed, not just one imperial force, so you're thinking goes against mine honestly.



posted on Jan, 15 2020 @ 09:57 PM
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originally posted by: Arnie123

originally posted by: strongfp
a reply to: Bluntone22

Annnd that's why you already lost.

China comes out and says they want what's best for everyone, and you have Americans wanting to come out on top, including trump who has blamed China for every wrong doing to the economy, when it's in fact American governments and corporate stooges who sold out to China. Goddamn hypocrites.
...and what of it? Dude you're old news, the consequences of those corporate stooges actions is what we are seeing RIGHT NOW, why blame Trump for wanting to fix that???

You should be happy that we are taking care of things with china.


Liberals can’t be happy. It’s science.



posted on Jan, 15 2020 @ 09:58 PM
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originally posted by: strongfp
a reply to: Arnie123

You aren't taking care of things with China. The USA is a dying empire, lashing out on fruitless, pointless military campaigns in the middle east will only get you so far.
Okay, so you've reduced your post to ignorant baseless ramblings, is there even a point to having a discussion with you? Smdh.



posted on Jan, 15 2020 @ 10:03 PM
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originally posted by: strongfp
a reply to: Arnie123

Seems to make you upset... not me. I want humanity as whole to succeed, not just one imperial force, so you're thinking goes against mine honestly.
Interesting, what a naive ideological school girl view of the world 🙄




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