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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
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.
False.
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.
...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???
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.
originally posted by: toysforadults
a reply to: Arnie123
Greats it signed
What was signed? Where is the text of the trade deal?
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.
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..
originally posted by: Arnie123
...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???
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.
You should be happy that we are taking care of things with china.
Okay, so you've reduced your post to ignorant baseless ramblings, is there even a point to having a discussion with you? Smdh.
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.