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Wednesday, January 15, 2020

The Trade Deal Is A Big Win for the USA

In the deal signed today with China, the USA got a big win.  The Chinese have agreed to buy between 205 and 215 billion of American products -- mostly agricultural and computer items -- and America is not imposing further tariffs on the Chinese and lifting a few that had already gone into effect.  There are other provisions, but until the entire text of the agreements is known, it is hard to determine exactly what else will be included.  We do know that the bulk of the US tariffs on Chinese goods have NOT been lifts.  There is still plenty to negotiate with China as we move on to phase 2.

The big point is this:  if the Chinese actually buy the products that they have now promised to buy, it will about double American exports to China.  The sale of 200 billion dollars of goods to China will also create something over one million jobs in the USA.  And keeping the tariffs on about 2/3 of Chinese goods will reduce imports into the USA from China, thereby making likely an increase in domestic manufacturing.

The media won't say much about this deal -- given that the Dems did their latest impeachment performance today -- but in the long run, this Chinese deal is much more important for the average American than the bogus impeachment scam that the Dems are running.

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