Trump Signs Historic Trade Agreement with China

[bigwave]

Trump Signs Historic Trade Agreement with China – Here Is the List of Top Advantages from US-China Trade Deal

On Wednesday morning President Donald Trump signed his historic trade agreement with the Chinese government officials.

Here is a list of a few of the top advantages to American workers with the US-China trade deal.

Via The GOP–
After years of America being taken advantage of by foreign countries, President Trump is putting America First and fighting for America’s blue-collar workers.

President Trump today signed a historic trade deal with China that commits the Chinese to ending their unfair trade practices and purchasing more U.S. goods. 

• China has committed to purchasing at least $200 billion from American manufacturing, energy, agriculture, and other industries.
• Fox Business: Landmark US, China Deal Signing Will Give Trump a Trade War Victory

Additionally, the Trump Administration successfully negotiated the new U.S.-Mexico-Canada (USMCA) trade deal, which will create new jobs for blue-collar American workers.

 

 

• The USMCA will create 176,000 new American jobs, including 76,000 jobs in the auto industry, and boost the U.S. economy by $68 billion.
• The USMCA trade deal would increase U.S. agricultural exports by $2.2 billion and increase access to new markers in Canada and Mexico.
• U.S. manufacturing workers would receive the largest percentage gains in wages, new jobs, and exports.

After years of Washington ignoring the well-being of blue-collar Americans, President Trump is putting them first.

• Wages have grown near or stronger than 3% for the past 22 months, and low-income workers are seeing the biggest wage gains.
• Before this Trump-led wage growth streak, wage gains had not exceeded 3% in more than a decade.
• The historic job market and record-low unemployment rate is finally benefiting less-educated and less-skilled Americans “who’ve missed out on other, weaker recoveries.”

Meanwhile, Democrats like Bernie Sanders are prioritizing their extreme ideology over America’s workers and threatening to undo Trump’s progress.

• Sanders is pushing an immigration agenda of open borders, which he knows will drive down workers’ wages and cost Americans jobs and opportunities.
• Sanders pledged to vote against the USMCA deal because it does not mention climate change, prioritizing the interests of left-wing activists over those of American manufacturers and farmers.

America’s blue-collar workers have a choice in 2020: voting for extremist Democrats that put jobs and wages last, or voting for a President with a proven record of putting American workers first. 

https://www.thegatewaypundit.com/2020/01/trump-signs-historic-trade-agreement-with-china-here-is-the-list-of-top-advantages-from-us-china-trade-deal/

 

[bostonangler]

Americans won’t get much of a financial reprieve from a limited trade deal signed with China on Wednesday, economists say, because while the truce helps consumers avoid the pain of further tariffs, it doesn't erase all the earlier ones.

The "Phase One" deal calls off President Trump’s plan to impose levies on roughly $156 billion in Chinese consumer goods including cell phones, laptops and toys. The U.S. also cut the tariff rate in half from 15% to 7.5% on levies it imposed in September on about $120 billion in Chinese products. In return, China committed to buying more U.S. agricultural goods and improve protections for American technology and trade secrets.

“The most important element of this deal is what didn't happen: further tariffs," says Gregory Daco, chief U.S. economist at Oxford Economics. "The risk of more tariffs isn’t going to materialize and that’s the biggest gain for Americans.”

https://finance.yahoo.com/news/americans-won-t-feel-total-190407484.html

 

B/A

[umbertino]

Trump signs China trade pact and boasts of 'the biggest deal ever seen'

 

President signs first phase of new agreement with China, hours after Democrats named team that will prosecute him in Senate

 

Dominic Rushe in New York

Wed 15 Jan 2020 14.59 GMT

 

 

https://www.theguardian.com/business/2020/jan/15/us-china-trade-deal-donald-trump