China has 'agreed' the US can reduce tariffs, but they haven't agreed to protect foreign IP - which means there's No Trade Deal.
In order for the con-man to claim he has a "trade deal" Trump is prohibiting the export of items which require IP protection.
This provides no IP protection for US or European designed and produced items, which is most of our economy, Trump is merely prohibiting the export of our products while allowing China to continue copying and selling them in the global market. For an explanation of why this con works on many Trump supporters, read the excellent very very good article below, which is very recent and new.
In failing to negotiate a solution to IP protection, Trump will claim he has "a very good trade deal for US farmers", while giving the rest of the US economy a kick in the face - apart from the 137 Chinese trademarks he negotiated for The Trump Organization. Other American businesses will have to wait until their CEO is elected a corrupt president. The predictable con-man outcome.
Of course China is protecting Chinese IP from being copied, witness the IP lawsuit by Huawei against African and Chinese cell phone manufacturers whose phones are similar to Huawei's. I'm told this is typical short-sighted capital hoarding by one of the planet's most nasty imperialists.
Donald Trump's Success as a Con-Man Explained by Science - bloomberg.com
This column is really good. Actually it’s amazing. In less than 650 words, it will explain the success of President Donald Trump.
Behavioral scientists like to emphasize the role of heuristics, or mental shortcuts, in our thinking. Lacking statistical knowledge, we use rules of thumb. In deciding whether a product or activity is risky, people tend to ask: Do I know about situations in which someone actually got hurt? That’s the “availability heuristic” in action.
The availability heuristic operates on the notion that if something can be remembered, it must be important, or at least more important than alternative solutions which are not mentioned or not remembered.
This means humans tend to heavily weigh their judgments toward more recent information, making new opinions biased toward that latest news. While Trump began the trade war to protect American IP, his new narrative is about the risk of not selling farm products.
By solving the most recently highlighted and talked about problem, the risk of not selling farm goods to China due to Trump's Trade War, the trade war is therefore won by selling farm goods again, even though the purpose of the Trade War, to protect US IP has failed.
Described in this manner, it's hard to believe con artists can do this repeatedly, but this is highly successful with a significant percentage of the population, especially if they actively want to be lied to. . . . .
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