if this isn’t the greatest day for trade in United States history, it’s got to be close. Earlier today, we found out that Canada had agreed to the significant changes in trade that the United States had demanded. That, by yourself, would have made for a great day.
But that was just the beginning. Now we have this, as excerpted from a just-published article at Reuters:
China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said on Sunday.
Beijing has pledged to take steps to increase imports this year amid rising tension with some of its biggest trade partners, such as the United States.
Earlier in July, China reduced import tariffs on a range of consumer items including apparel, cosmetics, home appliances, and fitness products to fulfil pledges to further open China’s consumer market.
The overall tariff level will be reduced to 7.5 percent in 2018 from 9.8 percent in 2017 as a result, the cabinet has said.
Translation: instead of a trade war with China, we are getting almost across-the-board lowering of tariffs on the goods that we import.
That is great for our consumers. Great for our manufacturers. Great for our overall economy. Great for our country.
Now let’s see if mainstream media has the honesty to credit President Trump for what is truly an amazing set of accomplishments…
… all of which were done with Democrats unified in attacking and opposing every action he has taken every day of his administration, with most mainstream venues happy to pile on right along with them.
I don’t know how they cannot be singing his praises over these trade victories.
But if the last 2 years has taught me anything, it is that if there is a way, they will find it.
Let’s wait and see.