Interim Agreement Between President Trump and Chairman Xi – IOTW Report

Interim Agreement Between President Trump and Chairman Xi

CTH: Statement from the White House Press Secretary Regarding The President’s Working Dinner With China:

“The President of the United States, Donald J. Trump, and President Xi Jinping of China, have just concluded what both have said was a “highly successful meeting” between themselves and their most senior representatives in Buenos Aires, Argentina.

Very importantly, President Xi, in a wonderful humanitarian gesture, has agreed to designate Fentanyl as a Controlled Substance, meaning that people selling Fentanyl to the United States will be subject to China’s maximum penalty under the law.

On Trade, President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10% rate, and not raise it to 25% at this time. China will agree to purchase a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial, and other product from the United States to reduce the trade imbalance between our two countries. China has agreed to start purchasing agricultural product from our farmers immediately.

President Trump and President Xi have agreed to immediately begin negotiations on structural changes with respect to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft, services and agriculture. Both parties agree that they will endeavor to have this transaction completed within the next 90 days. If at the end of this period of time, the parties are unable to reach an agreement, the 10% tariffs will be raised to 25%.

It was also agreed that great progress has been made with respect to North Korea and that President Trump, together with President Xi, will strive, along with Chairman Kim Jong Un, to see a nuclear free Korean Peninsula. President Trump expressed his friendship and respect for Chairman Kim.  more here

5 Comments on Interim Agreement Between President Trump and Chairman Xi

  1. China has a government mandated bureaucracy in place supporting theft and espionage of all foreign intellectual property. They are not going to tear that down over a couple of hundred million/several billion in tariffs.

    You think it’s hard to get rid of a government agency here? Pffft.

    Whatever the head of the Communist Party says is bullshit because they are lying, unethical, immoral, inhuman scum from top to bottom.

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  2. The Chinese gov’t fears a peasant uprising the most.

    President Trumps tariffs are having a profound effect on China’s economy….and they’re afraid.

    He has them over a barrel as he knew he would. Do a little research and it’s been China making all of the concessions.

    Don’t fuck with Donald Trump is the message. He just wants fair trade for America…and he’ll gut your liver if you don’t participate.

    All the crap media screams about is just steamed horseshit.

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