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China and United States trade deal signed.

 

Uly The Cunning
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https://www.cnet.com/news/trumps-phase-1-trade-deal-with-china-hasnt-solved-all-of-techs-issues/

While I have read several takes on this, none seem to really agree with anything beyond, it is a good deal. There seems to be a big variance in why this is a good deal, or even if some of those things are really that good. The only thing these news and media agencies can agree on is that it was signed, and it is a good deal, to whatever end that means. I wonder if Yumbo or any other financial/political savvy persons could elaborate?

"Remember, you're fighting for this woman's honor, which is probably more than she ever did."
Groucho Marx: Duck Soup (1933)


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Nerevar
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The Evil Genius
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I haven't heard from Yumbo in a while--very strange. Don't know whats up. 


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Uly The Cunning
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Posted by: @pistolpete

I haven't heard from Yumbo in a while--very strange. Don't know whats up. 

Hmm, hope he is well. Probably just work related, taking all of his time.

"Remember, you're fighting for this woman's honor, which is probably more than she ever did."
Groucho Marx: Duck Soup (1933)


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The Evil Genius
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Actually I think I pissed him off. His take on the Soleimani thing was WAY different from me. 


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Travis3000
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Posted by: @ulynecro

https://www.cnet.com/news/trumps-phase-1-trade-deal-with-china-hasnt-solved-all-of-techs-issues/

While I have read several takes on this, none seem to really agree with anything beyond, it is a good deal. There seems to be a big variance in why this is a good deal, or even if some of those things are really that good. The only thing these news and media agencies can agree on is that it was signed, and it is a good deal, to whatever end that means. I wonder if Yumbo or any other financial/political savvy persons could elaborate?

ANY deal that keeps cheap Chinese goods flowing to US retail shelves is a good deal.  You see China does what American consumers and corporations want.  Provide the cheapest price on goods no matter how high the cost might be.  The US has been against communism for quite some time... so what! The Chinese are good communists because the provide cheap shit.  Chinese companies steal technology and all kinds of other intellectual property...so what! The Chinese provide us with cheap shit.  The Chinese government does practically all of the things that we as Americans say that we're against.  Things like forced abortion, labor camps, fucking up the environment, suppression of religious expression, suppression of free speech, etc.  So what! The Chinese provide us with cheap shit! I could go on but I think that you get the point, no matter what the Chinese shit golden turds, this was true 50 years ago and it will be true as long as US companies can outsource jobs over there and American consumers can get their poorly constructed doodads for a dollar less than had those same doodads been manufactured in the US.


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Uly The Cunning
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Nicely put, Travis3000. These things are completely true, and it fills our lives with tomorrow's garbage.

"Remember, you're fighting for this woman's honor, which is probably more than she ever did."
Groucho Marx: Duck Soup (1933)


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GregBO
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The Phase One U.S.-China Trade Deal Is A Serious Win For The United States

Phase One U.S. - China trade deal specifics:

Intellectual Property Protection and Enforcement:  At 20 pages in length it covers trade secrets, confidential business information, pharmaceutical data, patents, piracy and counterfeiting on e-commerce platforms, manufacture and export of pirated and counterfeit goods, etc. and more.  Each item has an associated, clearly identified, enforcement mechanism.

Pledges by China to increase purchase of U.S. goods and services between Jan 1, 2020 and Dec 31, 2021.  Agricultural produce to about $32 billion, manufactured goods to about $77.7 billion, energy to about $52.4 billion and "services" to about $37.2 billion.  Included is wording that increases will "continue in calendar years 2022 through 2025".

U.S. exports to China were about $130 billion in 2017, the phase I export total could be $199.3 billion.  The agreement further states that if China defaults, the United States will unilaterally reimpose tariffs on Chinese goods.

 

​"What we have done for ourselves alone dies with us; what we have done for others and the world remains and is immortal." -Albert Pike

​"​My father didn't tell me how to live; he lived, and let me watch him do it.​" - Clarence Buddinton Kelland


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Travis3000
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Posted by: @gregbo

The Phase One U.S.-China Trade Deal Is A Serious Win For The United States

Phase One U.S. - China trade deal specifics:

Intellectual Property Protection and Enforcement:  At 20 pages in length it covers trade secrets, confidential business information, pharmaceutical data, patents, piracy and counterfeiting on e-commerce platforms, manufacture and export of pirated and counterfeit goods, etc. and more.  Each item has an associated, clearly identified, enforcement mechanism.

Pledges by China to increase purchase of U.S. goods and services between Jan 1, 2020 and Dec 31, 2021.  Agricultural produce to about $32 billion, manufactured goods to about $77.7 billion, energy to about $52.4 billion and "services" to about $37.2 billion.  Included is wording that increases will "continue in calendar years 2022 through 2025".

U.S. exports to China were about $130 billion in 2017, the phase I export total could be $199.3 billion.  The agreement further states that if China defaults, the United States will unilaterally reimpose tariffs on Chinese goods.

 

While I like the numbers, I'd like to see more.  I have a few questions.  How much will we be importing from China compared to what they'll be sending over here? Are the products they're purchasing from us made from parts/components/materials already produced in China in the 1st place? 


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GregBO
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@lonestar

Check.  Unfortunately it will be several years to see if the end result is substantial, or just another political smoke and mirror ploy.  

​"What we have done for ourselves alone dies with us; what we have done for others and the world remains and is immortal." -Albert Pike

​"​My father didn't tell me how to live; he lived, and let me watch him do it.​" - Clarence Buddinton Kelland


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Living Free
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As a Canadian, living in Canada I'm not the most qualified to answer but I think that our lives were better before trading with China, and before that Japan, Hong Kong etc. I think the influx of cheap goods has had a bad influence on our lives, especially all the cheap plastic stuff cluttering our lives.


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Travis3000
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Posted by: @mgtowcontemplator

As a Canadian, living in Canada I'm not the most qualified to answer but I think that our lives were better before trading with China, and before that Japan, Hong Kong etc. I think the influx of cheap goods has had a bad influence on our lives, especially all the cheap plastic stuff cluttering our lives.

It get's better though.  Remember the Cold War? You know that time when everyone in the USA was told how bad Communism is? Yeah, it turns out that was bullshit.  The US was really against the Soviets, and rightfully so.  There was a real threat of war.  It was never about communism, EVER.  That was the open secret.  The Chinese were just as bad as the Soviets, but they were the enemy of our enemy.  So guess what? We undermined and sold out our economy so that the Chinese wouldn't side with the Soviets.  Even though they (the Chinese) had backed the North Koreans in the Korean War and to this day.  They also backed the Viet Cong during that oh so brilliant war in Southeast Asia.  But communism is bad right? Oh, and let's not forget how the Chinese do everything that Americans say they don't agree with, forced abortion, sending political dissidents to labor camps, sending religious people to labor camps, stifling freedom of speech.  Oh, but the Chinese make us cheap goods! See, that's all that matters! We can purchase jeans that cost $15.00 as opposed to $25.00 what a deal! Communism is bad... or good... or... let's just forget about that and just pay attention to the sports scores and enjoy all of our cheap goods made byh communists! Think about it, what happened to all of that anti communist crap after 1991 when the Soviet Union disappeared? Poof! Gone! Even though, count them, five communist nations remained.  China, Viet Nam, Laos, Cuba, and North Korea.  We trade with China, Viet Nam, and Laos.  Guess why? CHEAP GOODS! 

 

PS I almost bought a Bible that was printed in China.  Think about the pure irony that the exsistance of such a thing imposes.

 


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