It looks like China blinked first. Once again, President Trump shows we win from a position of strength.
For all their bluster, China stands to lose much more from this than we do, and they know it.
Barack Obama had eight years and let the world walk all over us. President Trump brings them all to the table for better negotiations and check this, even North Korea is trying to negotiate. Of course, liberals will still find something to gripe about but you should finally we have a president that DOES something.
President Xi and I will always be friends, no matter what happens with our dispute on trade. China will take down its Trade Barriers because it is the right thing to do. Taxes will become Reciprocal & a deal will be made on Intellectual Property. Great future for both countries!
— Donald J. Trump (@realDonaldTrump) April 8, 2018
Chinese President Xi Jinping on Tuesday promised to open the country’s economy further and lower import tariffs on products including cars, in a speech that comes amid rising trade tensions between China and the United States.
Xi also said China would raise the foreign ownership limit in the automobile sector “as soon as possible” and push previously announced measures to open the financial sector.
“This year, we will considerably reduce auto import tariffs, and at the same time reduce import tariffs on some other products,” Xi said at the Chinese Boao Forum for Asia in Hainan province.
The comments sent U.S. stock futures, the dollar and Asian shares higher.
They come amid rising trade tensions between China and the United States following a week of escalating tariff threats sparked by U.S. frustration with China’s trade and intellectual property policies.
Xi said that China will take measures to sharply widen market access for foreign investors.
China will also speed up opening of its insurance sector to foreign investors, Xi said.
BREAKING: MASSIVE TRUMP WIN! —> Chinese President Xi Jinping promises to cut auto import duties, ease limits on foreign ownership in auto industry.
— Jacob Wohl (@JacobAWohl) April 10, 2018
BREAKING — CHINA BLINKS: Trump’s Hardline on Trade Forces China’s Xi to lower tariffs this year, open economy further https://t.co/G89tNlfBpI
— Thomas Paine (@Thomas1774Paine) April 10, 2018
Chinese President Xi to open up the Chinese economy including “significantly” lowering import tariffs for autos, enforcing the legal intellectual property of foreign firms. Trump was RIGHT AGAIN when he said that China will remove trade barriers as it was the “right thing to do”
— Paint King (@Paintking) April 10, 2018
BREAKING: Chinese President Xi they will significantly lower tariffs on auto imports…
This is why we elected Donald Trump to fight for the American people.
Our country has been taken advantage of on trade forever.
Look what happens when we don’t have cowardly leadership 🇺🇸
— Jack Murphy (@RealJack) April 10, 2018
Trump has the respect of these leaders unlike some of our past Presidents. They know that Trump is speaking the truth when he says all these trade agreements were one-sided and that he will do everything in his power to make them fair for the American people including a trade war if need be.
We need to hold out for the grand prize. No American company can own more than 49 percent of a Chinese company in China. Also, the American company must pass 100 percent of its intellectual property to its Chinese counterpart. Pass the same reciprocal law here, and we’ll win. Also, we need to ensure that all that cheap labor is extended to our American companies in exchange for all that intellectual property. Everything else is fluff.
This country has manipulated their currency to screw the competitors, and now they have met their match with Trump who will clean their clock rightfully so. I hope we crush China.
Stupid liberals saying tariffs don’t work and fighting a trade war that was nine years old and BarackObama ignored. Liberals are cowards at heart.
TRUMP WINS, AMERICA WINS!
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