White House says it has a deal with China while Chinese call it 'consensus'
White House says it has a deal with China while Chinese call it 'consensus'
After second day of talks with the U.S., Chinese Vice Premier He Lifeng said trade talks with the U.S. “achieved substantial progress and reached important consensus.”
In a media briefing after a second day of talks with U.S. negotiators on Sunday, Chinese Vice Premier He Lifeng said trade talks with the U.S. “achieved substantial progress and reached important consensus.”
China said that it will release a joint statement with the U.S. on Monday regarding the agreement reached on Sunday.
“The two sides agreed on establishing a consultation mechanism for trade and economic issues, identify the lead persons on each side, and will carry on further consultations relating to trade and economic issues of their respective concerns,” the Chinese vice premier said.
Shelves will be empty in 2 weeks. Should be interesting seeing the pretzels and knots the Cult of Stupid tie themselves into to explain that shit.
The long dark shadow of old crooked Joe
god, now you've got my imagination working..
not only are they going to blame him for the "mess" that trump inherited, they're going to punish him for it. they're just waiting until after november. fucking chills, man.
That's not a deal that's an agreement on the pre-conditions necessary to begin talking about a deal.
Same thing with the UK deal…it’s just a framework but nothing is signed or agreed upon.
So to translate it to Russian for the US right wing, they already have got the absurdly long table, but Putin is still laughing about being late from the meeting with them in a talkshow instead of coming to talk.
A concept of a deal
Translation: "We both agree: Trump should not be negotiating this".
Sounds like a "maybe" to me and a "maybe" in Chinese culture means a "no".
A concept of a deal, you might say.
In reality a 125% tariff isn't possible. An item with a $10 landed cost would suddenly cost like $22.50 so if the item sold to the end user for $13 before, now it will be $25.50 just to keep a $3 profit margin. Now your up front investment has doubled which drains cash flow. Your sales will drop.
It's essentially a trade embargo. It's not possible to enact in reality.