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Check the Phase 1 Deal with China that was just signed.

GREAT NEWS! Check the details. President Xi is probably destroyed in a chair. No more forced technology transfers and much more.

https://twitter.com/realDonaldTrump?ref_src=twsrc^google|twcamp^serp|twgr^author


The IP provision is the key. Also, no more 49% ownership of firms going automatically to the Chicoms. This is more of a ceasefire/truce than anything else. However, this POTUS has got their attention as well as the rest of the World.

Free trade is great as long as its FAIR TRADE. Tariffs are sometimes needed to correct gross trading imbalances the we've seen relative to China the past 20 years.

Xi could very well be ousted by his Central Committee as this has to been seen as big time losing face . This compounded with the developments in Hong Kong won't wash with the Hard Core Reds.
 

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Retrofitted Sheeple
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And cue the naysayers in 3..2...whoops they're already here. It's almost as if they wait around to poo poo anything good Trump does. Sad.

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'Naysayer' is a bit strong. I'm more of a cynic. Let's say that it'll take more than a politician's word and a twitter link to convince me.
 

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Dog Lives Matter
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I worked with manufacturers in China in the late 1980s and early 1990s. I've been there several times.

No trade secrets are sacred in China. There is a saying that if you tell a manufacturer a trade secret in the morning, everyone in that industry in China will know it by the afternoon.

Also, there is a good reason why the Chinese do little to stop counterfeiting. Most people (and all of the media) do not understand that China does not have a centralized military command like in the USA and most other countries. Each region has it's own military run by a general who runs his region like a warlord. The government allows the generals to do whatever they can to bring prosperity to their region and keep the people pacified. The easiest path to prosperity appears to be counterfeiting. The Chinese are great copycats, but not great innovators.

I ran an online store about 10 years ago. The markets for both of my top-selling products was destroyed by Chinese counterfeiters.
 

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Contrary to what William Ashley will write under one of his accounts, the Chinese economy was NOT in a position to sustain a prolonged trade war with the US. I provided examples of that in the "Venezuela" thread. If anything, the Chinese will at a minimum do the following:

1. wait this out until the US general election in November in hope President Trump loses
2. through covert means funnel cash to the Democrats to help defeat the President (they did this under President Clinton)
3. regroup for the post-election outcome and if there is a change, pressure the US in Jan. 2021 to rescind the agreement

Or, they could simply ignore it for now.

The Chinese will play long ball here.
 

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Awesome
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'Naysayer' is a bit strong. I'm more of a cynic. Let's say that it'll take more than a politician's word and a twitter link to convince me.
naysayer noun
nay·​say·​er | \ ˈnā-ˌsā-ər , -ˌser \
Definition of naysayer
: one who denies, refuses, opposes, or is skeptical or cynical about something
There are always naysayers who say it can't be done.
Sounds pretty accurate to me.
 

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Deplorable Freedom Zealot
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I give Trump kudos for having the balls to stand up to them, and get them to the table.:thumb:

I do not think it's over, but it is a step in the right direction.

For all you whining-assed liberals who said Trump was going to ruin our economy with a trade war.... eat shciff!
 

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I give Trump kudos for having the balls to stand up to them, and get them to the table.:thumb:

I do not think it's over, but it is a step in the right direction.

For all you whining-assed liberals who said Trump was going to ruin our economy with a trade war.... eat shciff!
Exactly on the mark. We are in a much better position than before Trump came along. Lots of work to do but a great start.
 

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Contrary to what William Ashley will write under one of his accounts, the Chinese economy was NOT in a position to sustain a prolonged trade war with the US. I provided examples of that in the "Venezuela" thread. If anything, the Chinese will at a minimum do the following:

1. wait this out until the US general election in November in hope President Trump loses
2. through covert means funnel cash to the Democrats to help defeat the President (they did this under President Clinton)
3. regroup for the post-election outcome and if there is a change, pressure the US in Jan. 2021 to rescind the agreement

Or, they could simply ignore it for now.

The Chinese will play long ball here.

They always do. One of the advantages of dictatorships with open terms in office.
 

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Indefatigable
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20,110 Posts
Defeated the Chinese for the foreseeable future
Wiped out ISIS in 30 days - 3 years ago
Threat from NK completely eliminated, we can all sleep well at night

Well then, I think I will have a coke.
Let's see who gets the reference....
 
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Swirl Herder
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............ This is more of a ceasefire/truce than anything else. ............. Tariffs are sometimes needed to correct gross trading imbalances the we've seen relative to China the past 20 years.

..........
So is that trade imbalance going to change?

Don't think so.......

Mainly because:
1) Many US companies that sent their manufacturing offshore rely upon that imbalance - on their books they are recorded as "sales"
2) Americans are addicted to Chinese made cheap crap - that will not change - Walmart will still be full of customers buying junk that breaks in a few months to a year and then has to be bought again
3) Too many powerful people who employ lobbyists are invested in the Status Quo

The US has a pipeline of cash that has been flowing to China for decades now - and this deal won't change that. I am always surprised that people don't get that those economics cannot be sustained - but I suppose that many people run their own finances that way too.

The current administration will be tidying up any loose ends they can this year - they will spin these resolutions as "big wins".

This is an election year......
 

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Super Moderator
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Defeated the Chinese for the foreseeable future
Wiped out ISIS in 30 days - 3 years ago
Threat from NK completely eliminated, we can all sleep well at night

Well then, I think I will have a coke.
Let's see who gets the reference....
Only the greatest movie ever!
 

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Deplorable Freedom Zealot
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3,243 Posts
2. through covert means funnel cash to the Democrats to help defeat the President (they did this under President Clinton)
Clinton signed Executive Order 12850 which sent millions of U.S. jobs to China.

He also gave the state dept. authority to give them most favored nation status, and did so, for personal gain.

Johnny Chung plead guilty in the "Chinagate Scandal" for funneling illegal campaign cash into Clinton's campaign.

https://thehill.com/regulation/cour...-faces-new-fraud-money-laundering-allegations
 

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After Clinton a Democrat, did this in 1998, by 2004, within 45 minutes of where I live over 20,000 textile jobs went overseas. This is in Alabama, where their average pay was $15 and hour when they shut the mills down and moved. Minimum wage back then was about $5 an hour or less. They had BC/BS insurance for themselves and their families. I worked in the natural gas industry and these textile mills used half the natural gas delivered to our area. Coal and propane were their backup fuels.

Textiles manufactured were womens undergarments, shirts, pants, towels and wash cloths, sheets and pillow cases, traditional diapers, athletic clothing, and carpets. All gone.

We slowly got car parts manufacturing to replace some of the jobs. Some small towns were devistated. But who cared, we always voted red down here.

We also lost a Uniroyal tire plant that was union and averaged $28 an hour with 1000 workers.

We also lost an athletic equipment manufacturing company that made exercise bikes, treadmills, basketball goals, and childrens red wagons, with about 700 jobs.

Still want to vote democrat? They want to make us a socialist state that is not powerful that can deal "equally" with other states for the greater good of the world.

I say America First. I have seen these so called free trade agreements gut our industry, increase our poverty, and make these people more dependent on big government.

Ross Perot was right and so is Trump. Trump is trying to reverse this, if he only had help from the other side. Most dems are usefull idiots voting the party line of their Roosevelt grandparents, all the while the democrat party has been taken over by socialist and communists doing everything to destroy the American family so big government can become the answer.
 

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Deplorable Freedom Zealot
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. Still want to vote democrat?
I have not since voting for Jimmy Carter.:eek::

Clinton set the Chinese up to take our jobs by giving them most favored nation status.

China had been under a 40% trade embargo.

Obama gave Iran billions of cash to fund terrorism.

That's a pattern from the last 2 democrat presidents, that even a cave man should be able to see.:thumb:
 
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