VICTORY: Trump Wins China Trade Battle – Xi Throws In Towel

Trump has been warning us about our massive trade deficits for decades, and now that he’s in charge he’s taking it to those who have been ripping us off. President Trump just scored a major victory in the trade battle with China as Xi Jinping capitulates.

Via the Daily Caller:

“U.S. President Donald Trump was able to extract a number of concessions from Chinese President Xi Jinping in exchange for not imposing any new tariffs on Chinese goods.

Trump reached a major agreement while meeting with the world’s top leaders over the weekend. At the G-20 summit in Buenos Aires, Argentina, Trump and Xi spoke for two and a half hours Saturday night — an hour longer than previously scheduled. The meeting, which Trump called “amazing and productive,” has temporarily staved off an escalating trade battle between the world’s two biggest economies.

Xi agreed to immediately begin buying more agricultural products from American farmers, along with a pledge to purchase more industrial and energy products. While the specifics of the trade agreements have not been announced, the White House says the deal will help correct the trade imbalance between China and the U.S. Xi has also agreed to a number of cybersecurity and property theft concessions.

Additionally, China has also agreed to label the opioid fentanyl as a controlled substance, making anyone who sells fentanyl to the U.S. subjected to harsher penalties under Chinese law. The labeling will help the federal government as it fights an historic death rate from opioid overdose.

“This was an amazing and productive meeting with unlimited possibilities for both the United States and China. It is my great honor to be working with President Xi,” Trump said in a statement Thursday.

In return, Trump has pledged to postpone a tariff increase on Chinese goods for at least 90 days. The U.S. previously intended to hike tariffs to 25 percent on $200 billion worth of Chinese goods beginning Jan. 1. Instead, U.S. officials will use the 90-day wait period to further negotiate with their Chinese counterparts.

Such a move will help Chinese producers who have been hit hard with Trump-led tariffs.

The White House slapped the Communist country with a 10 percent levy on $200 billion worth of goods on Sept. 24. American retailers have since had to adjust and dozens of Chinese manufacturers have reported a dip in sales. Trump went on to repeatedly threaten an increase to these tariffs.

Amid the 2016 campaign, Trump promised to correct the unfair trade imbalance between China and U.S., telling supporters that Americans were being taken advantage of with “very stupid” trade deals.”

Here’s Trump in 1988, 30 YEARS AGO, telling Oprah about our trade woes.

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About Jeff Rainforth 295 Articles
Jeff works with triple-amputee vet Airman Brian Kolfage as the editor & photographer of his non-profit org., We Build the Wall, Inc, and also as editor of Right Wing News. Jeff did a special 2nd Amendment project for Navy SEAL Rob O'Neill who killed Bin Laden, and he was the national rally organizer to free Marine Sgt. Tahmooressi from the Mexican prison. He is chairman emeritus of Ross Perot’s Reform Party of California, and a former candidate for governor. He wrote for former war correspondent & Breitbart contributor, Pat Dollard, and headed up his 30 person research team. Mr. Rainforth also wrote for the Wayne Dupree Show. Jeff is a two-time nominee for the prestigious Blog Bash Award for best activism for organizing the national movement to form a select committee on Benghazi, and for his role as the national rally organizer to free Marine Sgt. Andrew Tahmooressi from Mexican imprisonment. Jeff appears in Sgt. Tahmooressi's mother's book, "When Light Prevails."

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