| | | I didn't lie. When I first posted that, I posted a reference to an article that made that claim from an expert in the region who has documented the ongoing battle there for the last 20 years. You simply don't like the fact that Suleimani was a bad guy, because it undercuts your narrative. You really need to stop this love affair you are having with Suleimani. It's disgusting.
Also, looks like another pillar of your ongoing narrative against Trump is falling apart: Trump signs phase 1 trade deal with China. Trump just keeps on winning for the American people, no matter what you guys throw at him. That must be a terrible disappointment to you.
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"Let's Look What's In The Trade Deal, And What Is Not"
Submitted by Michael Every of Rabobank
What's the Deal
After a signing ceremony by US President Trump and Chinese Vice Premier Liu at the White House the much-awaited details of the ‘ Phase 1’ trade deal were finally released. While the S&P500 rose prior to the White House event, there were no major new aspects to the deal, so stock prices fell back again.
According to the document (Chapter 6) China shall ensure the purchase of an additional – on top of the 2017 baseline – $200bn worth of US goods and services over a two year period, from 1 January 2020 through 31 December 2021. This package consists of $77.7 bn in manufactured goods, $32.0 bn in agricultural products, $52.4 bn in energy, and $37.9 bn in services (see Annex 6.1 of the document). Moreover, China pledges to respect intellectual property rights, will open its financial services sector to the US, and refrain from currency manipulation.
In exchange for these Chinese concessions, the US did not carry out its plan for additional tariffs on $156 bn of Chinese goods on 15 December 2019, and will halve the 15% tariffs on $120 bn of Chinese consumer goods (such as cell phones, toys and laptops) implemented on 1 September 2019. However, the earlier 35% tariffs on $360bn of Chinese industrial goods and components remain in place. Moreover, the US Treasury department decided recently to no longer call China a currency manipulator. |
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