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China agrees to phase out U.S. tariffs amid new hope for trade deal

TU Curmudgeon

TU Curmudgeon

B.A. (Sarc), LLb. (Lex Sarcasus), PhD (Sarc.)
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From United Press International

China agrees to phase out U.S. tariffs amid new hope for trade deal
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Nov. 7 (UPI) -- China's Commerce Ministry said Thursday it's agreed to a phased removal of punitive tariffs on U.S.-made products, and both sides are getting closer to a working trade agreement.

Ministry spokesman Gao Feng said the tariffs will be lifted simultaneously and both sides must remove equal amounts in each phase.

Negotiators, he said, are nearing a "phase one" deal to de-escalate the ongoing trade conflict but the location and timing have yet to be settled. Trump administration officials have previously expressed optimism the first phase of an agreement could be reached this month.

"In the past two weeks, top negotiators had serious, constructive discussions and agreed to remove the additional tariffs in phases as progress is made on the agreement," Gao said.

COMMENT:-

One way of reading that is that the Chinese have agreed to stop retaliating for American actions intended to stop the Chinese from doing something as soon as the US rescinds those actions. Strangely enough, there is nothing there about the Chinese stopping doing whatever it was that the US government wanted them to stop doing before it instigated the actions which it is now going to stop taking.

However, I am sure that this latest development will be hailed as a diplomatic triumph by both governments - one publicly and one privately (with one not being justified and one being justified).

But maybe I'm missing something.
​
 
yeah you are missing something... you really think China would ever come out and state that the tariffs were hurting them, and not try to save face?

IF you were Trump and you did reach a deal you could work with, would you not allow the Chinese to save face?

I think we need to hear the extent of the deal before we judge its merits or problems.

last part of the article:

"China's economy in 2019 has seen the slowest growth in nearly three decades, and analysts have suggested it could get even worse than the sagging outlooks indicate."

huh, wonder why?
 
We've been at this rodeo before...China coming to an agreement - and then walking away.

Let me know when China actually puts ink to paper.
 
Que the never Trumpers, lol.
 
KevinKohler said:
Que the never Trumpers, lol.
Click to expand...

1. It's cue. Not "que".

2. You're "que"-ing the never trumpers because you know Trump **** the bed so hard that you can't defend him, so all you have is name calling and some sass. If that's all ya got, that's all ya got.
 
roughdraft274 said:
1. It's cue. Not "que".

2. You're "que"-ing the never trumpers because you know Trump **** the bed so hard that you can't defend him, so all you have is name calling and some sass. If that's all ya got, that's all ya got.
Click to expand...

I judge a meal once its been served and eaten.

I'm content wait for Trump to serve this up. Then I'll judge it.


Never trumpers are content to judge it before the ingredients are even known. Because, you know, they're really smart, and they know before it happens what will happen.
 
KevinKohler said:
I judge a meal once its been served and eaten.

I'm content wait for Trump to serve this up. Then I'll judge it.


Never trumpers are content to judge it before the ingredients are even known. Because, you know, they're really smart, and they know before it happens what will happen.
Click to expand...

He's already served up numerous ****-sandwiches. You just choose to ignore them. Right now he is trying desperately to get back to the status quo. We aren't even talking about a deal to fix the issues. He's talking about a deal to get us back to where we were before the trade war. Somehow I'm supposed to praise him for trying to put out the fire that he started. It's insanity.
 
China starts to cave...
 
Hypothetical said:
yeah you are missing something... you really think China would ever come out and state that the tariffs were hurting them, and not try to save face?

IF you were Trump and you did reach a deal you could work with, would you not allow the Chinese to save face?

I think we need to hear the extent of the deal before we judge its merits or problems.

last part of the article:

"China's economy in 2019 has seen the slowest growth in nearly three decades, and analysts have suggested it could get even worse than the sagging outlooks indicate."

huh, wonder why?
Click to expand...

Indeed the tariffs were "hurting China". The Chinese government has had to find alternate suppliers to replace American ones and has had to find alternate buyers to replace American ones. This is in complete contrast to the fact that the tariffs had absolutely no effect whatsoever on the United States of America which didn't suffer a single lost sale and which didn't see a single price increase - right?

So far, it looks like the US "won the trade war" in the same way that it "won the War of 1812". It doesn't appear to have achieved a single one of its "war aims" but the other side appears to have retained everything that it started out with and which the US went to war to take away.

I agree an annual growth rate for the GDP of around 6% is pretty crappy, isn't it. Isn't the US annual growth rate for its GDP much higher than that?
 
Roadvirus said:
China starts to cave...
Click to expand...

That's pretty tough to say at this point.

All that the article indicates is that the Chinese have agreed to take off the retaliatory tariffs if the US agrees to take of the tariffs that were intended to do more than force the Chinese to take off the retaliatory tariffs. The article does NOT indicate that the Chinese have agreed to do what the US government wanted them to do and which it imposed the tariffs in order to force them to do.

I got the Chinese to remove their tariffs on American goods
in return for which I dropped the demands that they do what we wanted them to do and also took off the tariffs on Chinese goods.​

makes a wonderful victory slogan going into an election.
 
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