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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump, for at Least the 14th Time, Says We're Close to a Deal With China
President Trump is, once again, optimistic that he will be able to strike a trade deal with China and soon.
Speaking from the G7 summit of world leaders in Biarritz, France, on Monday, the president said that he had very good calls with China over the weekend, and that serious negotiations are soon to resume. Trumps positive outlook comes days after he announced the United States would hike tariffs on $300 billion in Chinese good beginning September 1st, and on an additional $250 billion in goods beginning October 1st. I think were going to have a deal, because now were dealing on proper terms. They understand and we understand, Trump said on Monday, adding that its the first time Ive seen them where they really want to make a deal.
Though the stock market saw an uptick following Trumps insistence that a deal is imminent, there is absolutely no reason to believe the two nations are any closer to coming to terms than they were when Trump first imposed tariffs on Chinese goods in the spring of 2018.
For one, China doesnt seem to have any knowledge of the calls to which Trump was referring, and neither Trump nor Treasure Secretary Steve Mnuchin were able to elaborate on the communication that allegedly took place over the weekend.
Link to tweet
?s=20
https://www.rollingstone.com/politics/politics-news/trump-promises-trade-deal-china-timeline-876334/
In other words Trump is lying and talking through his ass.
Newest Reality
(12,712 posts)NewJeffCT
(56,828 posts)Has any president ever been so weak and so pathetic?