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US-CHINA-TRADE-TRUMP
Trump again touts partial trade deal with China
WASHINGTON, Oct 13, 2019 (BSS/AFP) – President Donald Trump on Saturday
touted his partial, unsigned trade deal with China as a major achievement and
the best deal US farmers have ever secured.
“WOW, the Farmers really hit pay dirt,” Trump tweeted.
Friday’s initial agreement, which marks a halt in the 18-month trade war,
calls for a huge increase in China’s purchases of US farm products.
It also covers intellectual property, financial services and currencies.
Trump said Friday evening the deal calls for China to increase its imports
of US farms goods to $40-50 billion a year — more than double the level of
2017.
The US will also hold off on a massive tariff increase planned for next
week.
But the accord will take weeks to finalize, and the details are not clear.
Nor will it roll back tariffs already in place on hundreds of billions of
dollars in two-way trade.
The two sides have touted progress in their trade talks before, only to see
things come apart later.
Still, Trump cried victory in a series of tweets Saturday.
“The deal I just made with China is, by far, the greatest and biggest deal
ever made for our Great Patriot Farmers in the history of our Country,” Trump
tweeted.
He said the accord calls for such a big increase in Chinese purchases of US
farm goods like soy that there is debate over whether US growers can produce
enough.
“Our farmers will figure it out. Thank you China,” Trump wrote.
He also said that, among other aspects, the accord calls for “16-20 Billion
in Boeing Planes.”
It was not clear if Trump meant new orders or previously existing ones.
Boeing declined to comment when reached by AFP.
BSS/AFP/SR/1800 HRS