G-7 summit: Trump strikes 'billion-dollar' trade deal with Japan

[zimmer]

A deal is all but sealed with Japan.


President Donald Trump confirming, "it’s a very big transaction and we’ve agreed in principle," while speaking beside Prime Minister Shinzo Abe in France after a meeting at the G-7 summit.

Trump said the prime minister agreed to purchase some of U.S. farmers’ corn, blaming China for the excess product on farmers' hands.

“From our point of view it is extremely important for our farmers and ranchers and those who work in the digital space,” he said, noting Japan is “our third largest advocate to market.” Already the island imports $14 billion in agricultural products, and Lighthizer said the agreement would open up $7 billion more.

G-7 summit: Trump strikes '''billion-dollar''' trade deal with Japan | Fox Business

Trump’s “magic wand” strikes again.

Every little bit to help bring the Commi Chinese to their knees is good news.

 

[ashurbanipal]

Trump’s “magic wand” strikes again.

Every little bit to help bring the Commi Chinese to their knees is good news.

So...let me get this straight. Trump kills a $1 trillion dollar deal that was already signed and that would have forced China eventually to adopt new trade policies more favorable to us, while opening trade with Japan, Singapore, Brunei, etc. Then, he negotiates a $1 billion dollar deal with Japan, the details of which aren't yet known, and you are celebrating.

I seem to recall a scene from one of the Austin Powers' movies: Why make a billion when you can make...a million? Again, just cannot make this sh*t up...

 

[MSgt]

Trump’s “magic wand” strikes again.

And this is why you shouldn't watch or read from FOX News. FOX declares that Trump struck the billion dollar deal. However, even Trump declared that they have only agreed in principle to core elements of the trade deal and he hopes to finalize in September. I see no reason why this will not happen. But FOX is so eager to praise Trump for their viewers, that they misinform them constantly; and this merely helps to prove that the numerous studies about FOX News viewers being the most misinformed and brainwashed are true.

Anyway, this is a good thing Trump is getting done, but it is a thing that is mixed into the **** he created:

- Despite identifying China as the threat that it is in his National Security Strategy, he pulled the U.S. out of the Trans-Pacific Partnership (TPP) in 2017, simply because it was Obama-era. The World Bank and the Office of the Chief Economist at Global Affairs Canada found that the final agreement would, if ratified, lead to net positive economic outcomes for all signatories. Pulling out left our Asian allies (and Australia) to have to create their own economic security organization in our absence to combat China's growing geopolitical and geoeconomic moves in the region. For damage control, Trump announced that the U.S. would help Australia build a military base (which does what for China's growing geoeconomic moves?)

- After creating a trade war with China, which saw him give bail-outs to American farmers to cope (socialism), he is now trying to complete a billion-dollar deal with Japan in order to provide those farmers an outlet for the corn that the U.S. government forces them to grow. Again...more damage control from his poor decision making.


But, why does this involve a magic wand anyway? It's a trade deal, in which Presidents and their Administrations do. This is something good that Trump is getting done. So, why cheapen it by acting as if only Trump, and only Trump alone, can only do this with his magic wand?

 

[zimmer]

So...let me get this straight. Trump kills a $1 trillion dollar deal that was already signed and that would have forced China eventually to adopt new trade policies more favorable to us, while opening trade with Japan, Singapore, Brunei, etc. Then, he negotiates a $1 billion dollar deal with Japan, the details of which aren't yet known, and you are celebrating.

I seem to recall a scene from one of the Austin Powers' movies: Why make a billion when you can make...a million? Again, just cannot make this sh*t up...

TPP obviously wasn’t the panacea it was cracked up to be, or the media would have got ape**** bonkers.

My guess is it would be like joining the EU... sounds good in theory, but when it hits the fan, the reality is something else... like NAFTA.

 

[zimmer]

And this is why you shouldn't watch or read from FOX News. FOX declares that Trump struck the billion dollar deal. However, even Trump declared that they have only agreed in principle to core elements of the trade deal and he hopes to finalize in September. FOX is so eager to praise Trump for their viewers, they misinform constantly; and this merely proved that the numerous studies about FOX News viewers being the most misinformed are true.


However, why does this involve a magic wand? It's a trade deal, in which Presidents and their Administrations do. This is something good that Trump is getting done. So, why cheapen it by acting as if only Trump, and only Trump alone, can only do this with his magic wand?

Ahhh... that they’ve agreed in principle was in the OP. Reading doesn’t seem to be your strong suit. May I suggest you slow down a little?

Well, Obama seemed to think you needed a “magic wand” to get **** done... to create jobs at home. His words, not mine.

Obama tried with his cash for clunkers. Shovel ready jobs. green energy jobs... which resulted in... (insert fart sound).

What great deals did Obama negotiate?

Status of forces agreement in Iraq? nope.

150 Billion to the #1 state sponsor of terror and zero in return? yep.

Giving Cuba virtually everything they wanted and getting nothing in return? yep.

What great deals did Obama make?

 

[NeverTrump]

Trump’s “magic wand” strikes again.

Every little bit to help bring the Commi Chinese to their knees is good news.

No he didn't.

 

[MauiMan]

Pathetic.

 

[zimmer]

No he didn't.

Didn’t what?

 

[MSgt]

TPP obviously wasn’t the panacea it was cracked up to be, or the media would have got ape**** bonkers.

My guess is it would be like joining the EU... sounds good in theory, but when it hits the fan, the reality is something else... like NAFTA.

Obviously? No. The media reported it. From Forbes...

This agreement was meant to reduce or eliminate up to 18,000 tariffs on both agricultural and manufactured products, boosting trade, economic growth as well as political ties between the 12 countries. Former president Barack Obama and other TPP supporters believed that this deal could have helped the United States increase its influence over Asia-Pacific while countering China’s growth in power.

But like the Iran deal, Trump's declaration that it was a "horrible deal" came with no explanation. There were two motivations:

- One, his loyalist base loved it when Trump criticized anything Obama, therefore he killed it with gusto and to their applause. The same was true for Obama-era environmental protections and the Iran deal.

- Two, if you recall, Trump had many expectations when it came to budding up to China after elected. He thought pulling out of the TPP deal and dealing directly with China with a different deal would create better revenue for America. Of course, this was before he launched into a trade war with Beijing.

In the meantime, we walked away from a binding deal that would have sought to shove China to the edges in East Asia and across the Pacific. Ever hear of the People's Bank of China? It offers unconditional loans to countries across Asia and Africa that prefer not to play by the World Bank's rules. As of last year (2018) China became the world's largest development bank, which means that it is directly competing with the World Bank. Do you know what this means for geoeconomics and geopolitics? Let me put it to you this way: we created the World Bank and the IMF at Bretton Woods 1943. We created these in order to center the global economy around the dollar and the American flag. This is why we had so much influence in developing countries and why we promoted ourselves as product manufactures of the loans. They borrowed to purchase American goods. Do you think the People's Bank of China cares about the dollar or the American flag?

THIS is China's threat, and Trump's walking away from TPP opened the door wider.

 

[zimmer]

Obviously? No. The media reported it. From Forbes...



But like the Iran deal, Trump's declaration that it was a "horrible deal" came with no explanation. There were two motivations:

- One, his loyalist base loved it when Trump criticized anything Obama, therefore he killed it with gusto and to their applause. The same was true for Obama-era environmental protections and the Iran deal.

- Two, if you recall, Trump had many expectations when it came to budding up to China after elected. He thought pulling out of the TPP deal and dealing directly with China with a different deal would create better revenue for America. Of course, this was before he launched into a trade war with Beijing.

In the meantime, we walked away from a binding deal that would have sought to shove China to the edges in East Asia and across the Pacific. Ever hear of the People's Bank of China? It offers unconditional loans to countries across Asia and Africa that prefer not to play by the World Bank's rules. As of last year (2018) China became the world's largest development bank, which means that it is directly competing with the World Bank. Do you know what this means for geoeconomics and geopolitics? Let me put it to you this way: we created the World Bank and the IMF at Bretton Woods 1943. We created these in order to center the global economy around the dollar and the American flag. This is why we had so much influence in developing countries and why we promoted ourselves as product manufactures of the loans. They borrowed to purchase American goods. Do you think the People's Bank of China cares about the dollar or the American flag?

THIS is China's threat, and Trump's walking away from TPP opened the door wider.

Well, Obama was not known for negotiating good deals. Name a good deal he made. This guy who claimed to have such stellar “judgement” is responsible for the ME invasion of Europe, the God awful deals with Iran and Cuba... support for the Muslim Brotherhood.

As noted earlier, if TPP was so great, the Goebbels Media would have shredded Trump during the election. Opponents would have shredded Trump. They didn’t. In fact, Hillary started on the anti-TPP train too.

The EU sounded good in theory, as did NAFTA.

Trump is dealing with China. No previous president had the stones to.

 

[Jetboogieman]

Ahhh... that they’ve agreed in principle was in the OP. Reading doesn’t seem to be your strong suit. May I suggest you slow down a little?

Well, Obama seemed to think you needed a “magic wand” to get **** done... to create jobs at home. His words, not mine.

Obama tried with his cash for clunkers. Shovel ready jobs. green energy jobs... which resulted in... (insert fart sound).

What great deals did Obama negotiate?

Status of forces agreement in Iraq? nope.

150 Billion to the #1 state sponsor of terror and zero in return? yep.

Giving Cuba virtually everything they wanted and getting nothing in return? yep.

What great deals did Obama make?

Touting a few billion deal as the second coming of Christ and then grumble grumble grumble but Obama’s bad when you’re ridiculed for it.

Sounds like a Zimmer thread.

 

[trouble13]

If Japan buys $7 billon more from us that equates to a little less than a 1/3rd of what we sell to china, so its definitely good news for our farmers. Its also good news for japan who are having an insect infestation crisis thats deystroying thier crops. It shrinks some of Chinas leverage to negotiate with us as well. Those are the good parts of this.

However he is also vowing to suspend tariff on japanese automobiles. That means he is essentially spreading the burden of the trade war across industries. Its not necessarily a bad thing but it is worth noting that its not a winning strategy for everyone. Our steel industry will feel this. Also its not clear that this is a long term agreement or just a short term deal to help japan get past the insect plague and us through our China negotiations.

Sent from my SM-G965U using Tapatalk

 

[zimmer]

Touting a few billion deal as the second coming of Christ and then grumble grumble grumble but Obama’s bad when you’re ridiculed for it.

Sounds like a Zimmer thread.

What did Obama accomplish? What’s his lasting legacy? Iran? Cuba? Spying on the Trump campaign?

This is the guy who said (paraphrasing) “what magic wand does he (Trump) have” when it came to creating jobs at home.

Look, I understand Leftists hate history. Especially fresh and massive failures like Obama... but ignoring the past only helps keep you ignorant.

 

[ttwtt78640]

Well, Obama was not known for negotiating good deals. Name a good deal he made. This guy who claimed to have such stellar “judgement” is responsible for the ME invasion of Europe, the God awful deals with Iran and Cuba... support for the Muslim Brotherhood.

As noted earlier, if TPP was so great, the Goebbels Media would have shredded Trump during the election. Opponents would have shredded Trump. They didn’t. In fact, Hillary started on the anti-TPP train too.

The EU sounded good in theory, as did NAFTA.

Trump is dealing with China. No previous president had the stones to.

Expanded Medicaid (as part of PPACA) was a good deal - any state that opted in got $9 of federal "free" money for every $1 of state money spent.

 

[Lisa]

Trump’s “magic wand” strikes again.

Every little bit to help bring the Commi Chinese to their knees is good news.

China hasn't been communist for 30 years, Brainy Smurf. Did you forget about the Chinese economic reforms in 1978 or maybe Fox didn't mention that?

Trump created the trade war with China because of his ignorance and it backfired on him.

 

[trouble13]

Obviously? No. The media reported it. From Forbes...



But like the Iran deal, Trump's declaration that it was a "horrible deal" came with no explanation. There were two motivations:

- One, his loyalist base loved it when Trump criticized anything Obama, therefore he killed it with gusto and to their applause. The same was true for Obama-era environmental protections and the Iran deal.

- Two, if you recall, Trump had many expectations when it came to budding up to China after elected. He thought pulling out of the TPP deal and dealing directly with China with a different deal would create better revenue for America. Of course, this was before he launched into a trade war with Beijing.

In the meantime, we walked away from a binding deal that would have sought to shove China to the edges in East Asia and across the Pacific. Ever hear of the People's Bank of China? It offers unconditional loans to countries across Asia and Africa that prefer not to play by the World Bank's rules. As of last year (2018) China became the world's largest development bank, which means that it is directly competing with the World Bank. Do you know what this means for geoeconomics and geopolitics? Let me put it to you this way: we created the World Bank and the IMF at Bretton Woods 1943. We created these in order to center the global economy around the dollar and the American flag. This is why we had so much influence in developing countries and why we promoted ourselves as product manufactures of the loans. They borrowed to purchase American goods. Do you think the People's Bank of China cares about the dollar or the American flag?

THIS is China's threat, and Trump's walking away from TPP opened the door wider.

Let me start by fully acknowledging everything you said in your post is pretty accurate. I see one very big flaw in Chinas strategy.

They are very quick to devalue their yen when its in their interests to do so. I find it hard to believe that investors are keen on trading in a currency that is suseptable to being so easily manipulated in value. The reason the americsn dollar is the perferred currency is because of its consistency. The world has confidence in our currency that they dont have in Chinas.

The only form of currency i can see overtaking ours is cypto currency and that is a long ways off. They have stability issues to overcome first.

Sent from my SM-G965U using Tapatalk

 

[JustHanging]

Trump’s “magic wand” strikes again.

Every little bit to help bring the Commi Chinese to their knees is good news.

OMG!!!

Did Trump just invent something new? What is this "Trade agreement"? Trump is surely the first to ever consider such a thing, let alone get such an agreement done. All hail the Mango Clown and his magic mushroom!

 

[Amelia]

:inandout:

 

[zimmer]

China hasn't been communist for 30 years, Brainy Smurf. Did you forget about the Chinese economic reforms in 1978 or maybe Fox didn't mention that?

Trump created the trade war with China because of his ignorance and it backfired on him.

My... your ignorance runs deep.

It is an iron fisted Communist tyranny that has sent millions of Muslims to re-education camps.

They harvest organs from prisoners.

They have an authoritarian point system that demands compliance or else.

You recall those tanks at Tiananmen Square pulverizing the flesh of the citizens?

Have you seen the latest about Hong Kong?

They may allow business to happen under their strict controls, but they are Communists. They lie, cheat and steal. They oppress their citizens. They’re Communists through and through.

 

[MSgt]

Ahhh... that they’ve agreed in principle was in the OP. Reading doesn’t seem to be your strong suit. May I suggest you slow down a little?

Yet, the heading was misleading. This was the point. It's a typical FOX News trick.

Well, Obama seemed to think you needed a “magic wand” to get **** done... to create jobs at home. His words, not mine.

Obama tried with his cash for clunkers. Shovel ready jobs. green energy jobs... which resulted in... (insert fart sound).

What great deals did Obama negotiate?

Status of forces agreement in Iraq? nope.

150 Billion to the #1 state sponsor of terror and zero in return? yep.

Giving Cuba virtually everything they wanted and getting nothing in return? yep.

What great deals did Obama make?

Those billions were Iran's frozen assets. We didn't give them anything. You have been told this before, which means you really don't give a damn about truth. But, this isn't about Obama. He is no longer the President, though he, like the rest, made plenty of decent and good deals. Avoiding and launching into a whine about Obama is also a FOX News trick that leads its viewers away from truth and into propaganda. Worry not what Trump is doing dear FOX News viewer...Obama did this eight years ago!

And the #1 state sponsor of terrorism is Saudi Arabia.

On his first foreign trip as president, Trump went to Saudi Arabia, the beating heart of Wahhabism—the harsh, absolutist religious creed that helped seed the worldviews of al Qaeda and the Islamic State—and publicly demanded that the Saudis and other leaders of Muslim-majority countries “Drive [the extremists] out. Drive them out of your places of worship. Drive them out of your communities. Drive them out of your holy land, and drive them out of this earth.”

And what does Saudi Arabia have to say about this truth?...

...in the course of meetings with King Salman, Crown Prince Nayef, Deputy Crown Mohammad Bin Salman and several ministers, one top Saudi official admitted to me, “We misled you.” He explained that Saudi support for Islamic extremism started in the early 1960s... But over time, the Saudis say, their support for extremism turned on them, metastasizing into a serious threat to the Kingdom and to the West. They had created a monster that had begun to devour them. “We did not own up to it after 9/11 because we feared you would abandon or treat us as the enemy,” the Saudi senior official conceded. “And we were in denial.”

But FOX News would have you believe an untruth, which is that Iran is the #1 sponsor of state terrorism. With what facts? Because Hezbollah hates Israel? So what? They all hate Israel. The facts and the common sense of the issue contradict what FOX News tells you. I just proved to you that it is and has long been Saudi Arabia:

- Al-Qaeda
- IS
- Boko-Haram
- Taliban

...and so many other Sunni groups all come out of the House of Saud's Wahhabist instruction manual - not Tehran's. But now, because FOX news hammered its propaganda at you, Trump picked it up as a rallying cry in which you demanded Trump kill the Obama-era Iran deal, Iran is free to get themselves a dandy little nuke if it wants instead of the ten year period we once had to work on Iran. And you actually think you support Israel with this nonsense? You think constantly giving Saudi Arabia money, which goes towards extremists madrassas all over the planet, is a good idea? Israel doesn't have the ten years that Obama and others managed to provide for them now, and you support this. Saudi created Sunni extremists hate Israel. But Saudi Arabia and Israel need to you to hate Iran because Iran is their enemy, not really ours, and they want our economic and military gifts.

 

[SLC]

China hasn't been communist for 30 years, Brainy Smurf. Did you forget about the Chinese economic reforms in 1978 or maybe Fox didn't mention that?

Trump created the trade war with China because of his ignorance and it backfired on him.

You do realize the ruling party in China is the Communist party? Don’t you?

 

[ashurbanipal]

TPP obviously wasn’t the panacea it was cracked up to be, or the media would have got ape**** bonkers.

My guess is it would be like joining the EU... sounds good in theory, but when it hits the fan, the reality is something else... like NAFTA.

I doubt anything is a panacea for our woes, and as far as I know, no proponents of the TPP had claimed otherwise. Is this trade deal with Japan (whose details we still don't know) a panacea? If not, then your point has no relevance. However, Trump is apparently celebrating a billion-dollar deal with Japan based on its size, after he killed one that was nearly an order of magnitude larger. There may be some reason to think this is a better deal (we don't know whether it is or not), but its size certainly isn't one of them.

 

[bluesmoke]

And this is why you shouldn't watch or read from FOX News. FOX declares that Trump struck the billion dollar deal. However, even Trump declared that they have only agreed in principle to core elements of the trade deal and he hopes to finalize in September. I see no reason why this will not happen. But FOX is so eager to praise Trump for their viewers, that they misinform them constantly; and this merely helps to prove that the numerous studies about FOX News viewers being the most misinformed and brainwashed are true.

Anyway, this is a good thing Trump is getting done, but it is a thing that is mixed into the **** he created:

- Despite identifying China as the threat that it is in his National Security Strategy, he pulled the U.S. out of the Trans-Pacific Partnership (TPP) in 2017, simply because it was Obama-era. The World Bank and the Office of the Chief Economist at Global Affairs Canada found that the final agreement would, if ratified, lead to net positive economic outcomes for all signatories. Pulling out left our Asian allies (and Australia) to have to create their own economic security organization in our absence to combat China's growing geopolitical and geoeconomic moves in the region. For damage control, Trump announced that the U.S. would help Australia build a military base (which does what for China's growing geoeconomic moves?)

- After creating a trade war with China, which saw him give bail-outs to American farmers to cope (socialism), he is now trying to complete a billion-dollar deal with Japan in order to provide those farmers an outlet for the corn that the U.S. government forces them to grow. Again...more damage control from his poor decision making.


But, why does this involve a magic wand anyway? It's a trade deal, in which Presidents and their Administrations do. This is something good that Trump is getting done. So, why cheapen it by acting as if only Trump, and only Trump alone, can only do this with his magic wand?

Trump magic wand too short to make good deal.

 

[Rogue Valley]

Trump’s “magic wand” strikes again.

Every little bit to help bring the Commi Chinese to their knees is good news.

It's tentative.

 

[HumblePi]

So...let me get this straight. Trump kills a $1 trillion dollar deal that was already signed and that would have forced China eventually to adopt new trade policies more favorable to us, while opening trade with Japan, Singapore, Brunei, etc. Then, he negotiates a $1 billion dollar deal with Japan, the details of which aren't yet known, and you are celebrating.

I seem to recall a scene from one of the Austin Powers' movies: Why make a billion when you can make...a million? Again, just cannot make this sh*t up...

Yeah, I don't get it either. Japan is a good trading partner with the US. I thought there was some kind of revelation about China, but no.

Cue the pixie dust machine.