American President Donald Trump posted on Truth Social Wednesday, stating, “our deal with China is done, subject to final approval with President Xi and me.” This follows two days of negotiations in London and a phone call last week between President Trump and Chinese President Xi Jinping. “We have reached a framework to implement the Geneva consensus,” Commerce Secretary Howard Lutnick said.
President Trump via Truth Social:
OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME. FULL MAGNETS, AND ANY NECESSARY RARE EARTHS, WILL BE SUPPLIED, UP FRONT, BY CHINA. LIKEWISE, WE WILL PROVIDE TO CHINA WHAT WAS AGREED TO, INCLUDING CHINESE STUDENTS USING OUR COLLEGES AND UNIVERSITIES (WHICH HAS ALWAYS BEEN GOOD WITH ME!). WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT! THANK YOU FOR YOUR ATTENTION TO THIS MATTER!
Trump added in a separate post on Truth Social:
Adding to the China readout, President XI and I are going to work closely together to open up China to American Trade. This would be a great WIN for both countries!!!
Greg Norman for FOXBusiness:
Lutnick reportedly said he expects Trump to approve the agreement as soon as Wednesday, noting”I feel really good about where we got to.” Senior Chinese negotiator Li Chenggang also said both the U.S. and China “agreed in principle,” The Wall Street Journal reported.
The newspaper said a key goal for the American negotiators led by Lutnick and Treasury Secretary Scott Bessent was to encourage Beijing to accelerate their exports of rare-earth minerals and magnets that contain them.
Meanwhile, Beijing’s negotiators asked the U.S. to ease restrictions on the sale of technology and other goods to China, it added, citing people familiar with the matter.
MacDailyNews Take: Clearly any positive development in U.S.-China trade is also a positive for Apple and AAPL shareholders, both of whom could use something positive this year. Apple’s share price and U.S. stock futures are all up on the news.
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China sold him a deal with a pocket-full of magic magnets.
But seriously, 55% / 10% isn’t a good deal. It’s worse than where we started.
Another Trump announcement that a deal is done but its not really done. And the details aren’t really ironed out. Sounds like Apple Intelligence. So eager to announce something/anything to appease the stock market. It would seem that Tim Cook and Trump have more in common than I would have ever thought. What a mess our world is in.
Step 1: Burn existing bridges, stomp and whine that every former trading partner is unfair
Step 2: Add over $20 billion in new unpredictable taxes to consumers in 4 months, seriously damaging small businesses.
Step 3: Demand that rather than allowing companies to operate on a level playing field, all nations must send delegates to air their grievances before the throne, whereupon personal whims could double or half prevailing taxes for a few days, or perhaps until TACO tuesday.
Step 4: After a meeting is held, without any of the peoples’ representatives present, declare that all is complete.
Step 5: Find the next victim to bully and extort, while treating former good buddies Leonard Leo, Elon Musk, and dozens of others like worse enemies than foreign dictators.
Step 6: Use all the above as a smokescreen to ram through a deficit-ballooning bill that does nothing but reward oligarchs for underwriting the corrupt administration’s campaign.
Go ahead and try to claim otherwise, and attack everyone who calls it for what it is, but if you support such stupid self defeating NONDEMOCRATIC buffoonery, then you need to seriously question your own values. Don has none but self enrichment. Why do you worship him on a supposedly Mac news aggregation website????????
If only we had seen what a Trump economy after tariffs and new trade deals were implemented was like before China released a genetically engineered virus in an attempt to get rid of him, consequences be damned.
Here’s what actually happened:
The unemployment rate dropped to 3.5% in February 2020, a 50-year low, down from 4.7% when Trump took office in January 2017.
Unemployment rates for specific groups hit record lows: African Americans (5.3% in September 2019), Hispanics (3.9% in September 2019), and Americans without a high school diploma.
About 6.7 million jobs were added from January 2017 to February 2020, a 4.6% increase. Median household income reached $68,703 in 2019, up 9% from 2016 (inflation-adjusted), the highest on record. The “Blue-Collar Boom” saw wages for nonsupervisory workers grow faster than for managers, benefiting working-class families.
The official poverty rate fell to 10.5% in 2019, the lowest since 1959, down from 12.3% in 2016, reflecting strong job growth.
Income inequality decreased slightly in 2018–2019, and gaps in unemployment rates between white, African American, and Latino workers narrowed to historic lows.
The Dow Jones Industrial Average and S&P 500 hit record highs in early 2020, reflecting strong corporate profits and investor confidence.
During President Trump’s first term (2017–February 2020), the Conference Board’s Consumer Confidence Index (CCI) reached its highest level of 137.9 in October 2018.
First Then, as always, gave us a complete and factual record of events. He is an American/MDN treasure.
First Then, or his protectors, like to censor factual rebuttals.
“Idiot Ivan” is back at delusional propaganda again….
The depth of democrat stupidity is STAGGERING