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Phil1111

How Xi Won the Trade War, Made a Fool of trump and America

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In 2016 trump accused China of "raping" the US on the issue of trade. Well Xi is laughing about it now because after four years the US-China deficit has widened by $600 million. Despite his claimed victories, his tariffs  on US importers and his "trade deal". Last year the deficit to China was $345 billion dollars. President XI played America as fools."during the 2016 campaign, Mr Trump pledged to negotiate better trade deals for US workers and asked voters to use the size of the deficit as a “scorecard”.

"China's trade surplus widened sharply to USD 62.33 billion in July 2020 from USD 44.02 billion in the same month the previous year and far above market expectations of USD 42.0 billion. Exports rose by 7.2 percent, the fastest pace since December last year, while imports unexpectedly fell by 1.4 percent. The country's trade surplus with the United States widened to USD 32.46 billion in July from USD 29.41 billion in June."

"Robert Lighthizer, US trade representative, last week struck an optimistic tone on the implementation of the phase one trade deal following a call with Liu He, his Chinese counterpart. But the deal is showing signs of weakness. Eight months on, China is on track to miss the targets in the agreement, which said that over two years from 2020, China would buy $200bn more in US goods and services than it did in 2017, before the start of the trade war. According to the Peterson Institute for International Economics, US exports to China of the products covered by the commitments amounted to $48.5bn, compared with a prorated year-to-date target of $100.7bn."

So China expanded its surplus over America under trump. trump bragged about his "Phase One Deal" and China is only honored it by a half. That agreement means that instead of expanding US imports. CHINA EXPANDED EXPORTS. All of the structural issues of patent infringement, theft of intellectual property and barriers to US companies entering China markets. Have been abandoned by trump and his negotiators.

1 in 5 corporations say China has stolen their IP within the last year: CNBC CFO survey

Edited by Phil1111

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22 minutes ago, Phil1111 said:

In 2016 trump accused China of "raping" the US on the issue of trade. Well Xi is laughing about it now because after four years the US-China deficit has widened by $600 million. Despite his claimed victories, his tariffs  on US importers and his "trade deal". Last year the deficit to China was $345 billion dollars. President XI played America as fools."during the 2016 campaign, Mr Trump pledged to negotiate better trade deals for US workers and asked voters to use the size of the deficit as a “scorecard”.

"China's trade surplus widened sharply to USD 62.33 billion in July 2020 from USD 44.02 billion in the same month the previous year and far above market expectations of USD 42.0 billion. Exports rose by 7.2 percent, the fastest pace since December last year, while imports unexpectedly fell by 1.4 percent. The country's trade surplus with the United States widened to USD 32.46 billion in July from USD 29.41 billion in June."

"Robert Lighthizer, US trade representative, last week struck an optimistic tone on the implementation of the phase one trade deal following a call with Liu He, his Chinese counterpart. But the deal is showing signs of weakness. Eight months on, China is on track to miss the targets in the agreement, which said that over two years from 2020, China would buy $200bn more in US goods and services than it did in 2017, before the start of the trade war. According to the Peterson Institute for International Economics, US exports to China of the products covered by the commitments amounted to $48.5bn, compared with a prorated year-to-date target of $100.7bn."

So China expanded its surplus over America under trump. trump bragged about his "Phase One Deal" and China is only honored it by a half. That agreement means that instead of expanding US imports. CHINA EXPANDED EXPORTS. All of the structural issues of patent infringement, theft of intellectual property and barriers to US companies entering China markets. Have been abandoned by trump and his negotiators.

1 in 5 corporations say China has stolen their IP within the last year: CNBC CFO survey

The New Banana Republic has such weak leadership that it is unable to confront the new dominate power on the rise. But I'm sure it can do better once competency replaces fealty.

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All I can say to that is #EightMoreYears. #Trump2020 #Trump2024. After 2028, Trump will be too old to even care about being the figurehead that he wants to be. I'm sure he has never cared about doing the job of president. I'm actually shocked that in 4 years, Trump hasn't completely broken the US economy and turned us into a 3rd world country. We probably need 8 more years for that to happen. It is time for a change in world power/structure anyway. EightMoreYears.

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(edited)
8 hours ago, Phil1111 said:

In 2016 trump accused China of "raping" the US on the issue of trade. Well Xi is laughing about it now because after four years the US-China deficit has widened by $600 million. Despite his claimed victories, his tariffs  on US importers and his "trade deal". Last year the deficit to China was $345 billion dollars. President XI played America as fools."during the 2016 campaign, Mr Trump pledged to negotiate better trade deals for US workers and asked voters to use the size of the deficit as a “scorecard”.

"China's trade surplus widened sharply to USD 62.33 billion in July 2020 from USD 44.02 billion in the same month the previous year and far above market expectations of USD 42.0 billion. Exports rose by 7.2 percent, the fastest pace since December last year, while imports unexpectedly fell by 1.4 percent. The country's trade surplus with the United States widened to USD 32.46 billion in July from USD 29.41 billion in June."

"Robert Lighthizer, US trade representative, last week struck an optimistic tone on the implementation of the phase one trade deal following a call with Liu He, his Chinese counterpart. But the deal is showing signs of weakness. Eight months on, China is on track to miss the targets in the agreement, which said that over two years from 2020, China would buy $200bn more in US goods and services than it did in 2017, before the start of the trade war. According to the Peterson Institute for International Economics, US exports to China of the products covered by the commitments amounted to $48.5bn, compared with a prorated year-to-date target of $100.7bn."

So China expanded its surplus over America under trump. trump bragged about his "Phase One Deal" and China is only honored it by a half. That agreement means that instead of expanding US imports. CHINA EXPANDED EXPORTS. All of the structural issues of patent infringement, theft of intellectual property and barriers to US companies entering China markets. Have been abandoned by trump and his negotiators.

1 in 5 corporations say China has stolen their IP within the last year: CNBC CFO survey

Hi Phil,

Not to worry; I have heard that Trump just sent Xi a copy of 'Art of the Deal.'  So all will be OK once he reads it.

The winning just keeps on coming; so much winning it is hard to keep up with it.

Jerry Baumchen

Edited by JerryBaumchen

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41 minutes ago, JerryBaumchen said:

Hi Phil,

Not to worry; I have heard that Trump just sent Wi a copy of 'Art of the Deal.'  So all well be OK once he reads it.

The winning just keeps on coming; so much winning it is hard to keep up with it.

Jerry Baumchen

Good thought but unlike trump Xi likely received full intelligence briefings on every aspect of trump's personality. Xi likely spent the first couple minutes praising trump's good looks, intelligence, education and business acumen. So lying his face off.

The Chinese intelligence unit probably had crib notes on trump's books Donald Trump’s Ghostwriter Tells All. “The Art of the Deal” made America see Trump as a charmer with an unfailing knack for business. Tony Schwartz helped create that myth—and regrets it.

'Willful Ignorance.' Inside President Trump's Troubled Intelligence Briefings. Time February 5, 2019

"The briefers’ concerns are spread across multiple areas of expertise. Two briefers worry that a summit with Chinese President Xi Jinping could produce a trade agreement that the President can trumpet but that fails to address China’s espionage, its theft of intellectual property that ranges from circuit boards to soybean hybrids, its military buildup, and its geopolitical ambition.".

So the worries of the best and greatest intelligence services in the world, America's. Were borne to be true because of trump's wilful ignorance and stupidity.

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Today: U.S. trade deficit jumps to largest in 14 years. trade deficit with China $26.4 billion in August.

Two years ago on FOX. The trade deficit is falling because my leadership. We won the war against China.

August 2020 reported in China but not on FOX "US President Donald Trump has said China is failing to meet commitments to buy more American goods under the phase one trade deal," In fact the Chinese government has failed to live up to its commitment to the tune of $200 billion.

 

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44 minutes ago, Phil1111 said:

Today: U.S. trade deficit jumps to largest in 14 years. trade deficit with China $26.4 billion in August.

Two years ago on FOX. The trade deficit is falling because my leadership. We won the war against China.

August 2020 reported in China but not on FOX "US President Donald Trump has said China is failing to meet commitments to buy more American goods under the phase one trade deal," In fact the Chinese government has failed to live up to its commitment to the tune of $200 billion.

 

In other news, Mexico has not paid for The Wall, Hillary is not locked up, and no-one has seen the Trumpcare proposal.

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24 minutes ago, kallend said:

In other news, Mexico has not paid for The Wall, Hillary is not locked up, and no-one has seen the Trumpcare proposal.

Not to worry! It will be out in 2 weeks! It will be big and beautiful!

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7 minutes ago, JerryBaumchen said:

Hi Robert,

And now that Trump has Covid-19, he will know exactly what details it will require.

What a smart man.

NOT!!!!

Jerry Baumchen

Some people are saying he is now the world's leading medical expert on COVID-19!

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