Saturday, October 12, 2019

An American Proverb

Only Trump can go to China?:

The Trump administration and China declared a temporary truce Friday in their 15-month trade war.
Yet the grievances that led them to impose tariffs on hundreds of billions of dollars of each other’s goods remain largely unresolved.

The administration agreed to suspend a tariff hike on $250 billion worth of Chinese imports that was set to take effect Tuesday. And China agreed to buy up to $50 billion in U.S. farm products.

The de-escalation in tension between the world’s two largest economies was welcomed by financial markets. The U.S.-China hostilities have alarmed investors and escalated costs and uncertainties for many businesses.

In a tweet Saturday, Trump outlined the trade deal as “by far, the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our Country. In fact, there is a question as to whether or not this much product can be produced? Our farmers will figure it out. Thank you China!”

It's time to cut China off. We had no compunction of economically isolating the former Soviet Union. It helped bring down European communism as a main form of government.

We have to do the same to China.



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