We didn’t benefit from the Trump tax give way to the rich, now we get to pay for his trade war with China

Doofus Trump the “so-called deal maker” has continued to “f—” with the Chinese trade negotiators in what can only be called a high stakes game of schoolyard bullying with very serious repercussions for US consumers.

The trade war has not “made America great again,” and has instead had negative impacts across the US economy.

On Sunday, a senior Chinese official made a series of statements outlining the Chinese government’s terms for negotiation and pushed back on the United States’ use of pressure to force concessions, according to multiple reports.

Vice Commerce Minister Wang Shouwen, who led the working-level team in earlier negotiations, said on Sunday that the US bears responsibility for the collapse of trade talks, and noted that any deal must include “balanced” language between the two countries, according to a Bloomberg report.

“We’re willing to adopt a cooperative approach to find a solution,” Wang said, according to a Wall Street Journal report.

According to an Associated Press report, Wang added: “During the consultations, China has overcome many difficulties and put forward pragmatic solutions. However, the U.S. has backtracked, and when you give them an inch, they want a yard.

Chinese Defense Minister Wei Fenghe reinforced Wang’s comments during a defense forum in Singapore on Sunday, according to the AP report.

“If the U.S. wants to talk, we will keep the door open. If they want a fight, we will fight till the end,” Wei said.

Washington raised tariffs to 25% from 10% on $200 billion worth of Chinese goods on May 10, and Beijing retaliated three days later by announcing raised tariffs on $60 billion worth of American goods that went into effect Saturday. In May, the US made a list of prospective tariffs on another $300 billion worth of goods that have yet to go into effect.

According to a white paper released by the Chinese government alongside Wang’s public comments, The trade war has not “made America great again,” and has instead had negative impacts across the US economy.

The white paper also outlined requirements for a trade deal between the two countries: the United States remove all additional tariffs, China’s purchases of US goods should be “realistic,” and there should be a clearly defined “balance” in the agreement’s text.

The statements come ahead of the G20 summit, where it is unclear whether negotiators will meet. According to a Wall Street Journal report, the paper and the timing of its release is a way for China to make its position clear going into the international summit.

This all comes as trade tensions between the United States and China continue to escalate in what is feared to become a tech Cold War. Washington’s blacklisting of Chinese telecoms giant Huawei is still a major pain point in negotiations and has led to Chinese retaliation against US tech companies. On Wednesday, China hinted it may restrict rare earth exports to the US, which could cripple US tech, defense, and manufacturing industries.

Thanks so much “Doofus Don”

https://www.businessinsider.com/china-us-trade-talks-negotiation-g20-2019-6

14 thoughts on “We didn’t benefit from the Trump tax give way to the rich, now we get to pay for his trade war with China

  1. Trump cannot hear your thank-you from this far away. Try Rob Arkley. He is the Opus Dei brother who founded the current effort to send the Federal judiciary back to the dark ages.

    Liked by 1 person

  2. Arkley kicked Humboldt to the curb years ago. Get over it….

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  3. TRUMP is a bit like the scarecrow in the wizard of oz. He is looking to find a brain big enough for his big, big thoughts. But when put into words the words just don’t come out right. Muddled you might say. So I hear he is negotiating to buy Hannity’s brain and giving his old one to the Smithsonian, but only if it remains on permanent display, right beside the Declaration of Independence.

    Liked by 1 person

  4. China is running scared. Their economy is much more fragile than ours. Watch, they will devalue the yuan to compensate for the tariffs. They have done this many times in the past to gain advantage on the world market. Devaluing a currency is a more dangerous and risky game than imposing tariffs. Trump is right to impose tariffs to level the playing field. China exports close to $500 billion in goods to the US while only importing $130 billion. This imbalance needs to be corrected and China knows this but they NEED that imbalance to fund their military growth. Much more at stake here than the price of baubles we pay for at the WalMarts, Targets, Dollar Trees and Dollar Generals in our neighborhoods.

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    • 🇨🇳 China is “running scared”? From who? Taiwan? 🇹🇼 Tibet? Japan (again)? The Chinese certainly aren’t running scared from Donald J. Bonespur. Neither are the Russians 🇷🇺 in case you missed the video footage of the Russian navy’s ship playing a game of chicken 🐓 with the US Navy. Remember the video footage of those low level Russian Air Force flyovers of U.S. Navy ships? And Traitor Trump still says nothing. 🏌️👈🏼🇷🇺💰. What a corrupt coward!

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  5. True, China is acting in their own self interest as we are in trying to level the playing field. The trick is to not cripple either economy. This is the time to find a comprise that does that and that requires real negotiations. Not sure the trump team has figured that out yet. In the meantime the economy is not on solid ground and the farm belt, that feeds us all, is under a lot of water. The Mississippi is trying to get this massive amount of water to the Gulf. In the process it’s producing one of the worst floods down river in history. This is a volatile mixture of nature and politics. It can topple governments and has done so a number of times through out history.

    Liked by 1 person

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