Here’s another one our wonderful “neutral” media will not be giving President Trump credit for.
From Brian Knowlton and Ryan McMorrow’s article at Agence France Presse, via yahoo.com – and please pay special attention to the parts I’ve put in bold print:
Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday.
The announcement came after high-level talks in the US capital and followed months of tensions over what President Donald Trump has blasted as an unfair commercial relationship between the two economic giants.
Vice-Premier Liu He, who led Chinese negotiators in Washington said: “The two sides reached a consensus, will not fight a trade war, and will stop increasing tariffs on each other,” state-run news agency Xinhua reported Sunday.
Liu called the agreement a “necessity”, but added: “At the same time it must be realised that unfreezing the ice cannot be done in a day, solving the structural problems of the economic and trade relations between the two countries will take time.”
An earlier joint statement issued in Washington said Beijing would “significantly” increase its purchases of American goods, but offered few details.
The talks in Washington were between delegations led by US Treasury Secretary Steven Mnuchin and Liu, who also met Thursday with Trump. The sides had met earlier in Beijing.
“There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China,” the joint statement said.
“To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services.”
It said both sides had agreed on “meaningful increases” in US agriculture and energy exports. Liu said the new trade cooperation would extend to medical care, high-tech products, and finance, according to Xinhua.
Wait a minute. What happened here?
What happened was that President Trump used his leverage as China’s largest trading partner, and – thank you previous presidents – its biggest debtor, to exact significant concesssions on trade.
That’s what happened.
Now let’s see how the Trump-hating media reports this…assuming it is reported at all.
Probably the same way it reported how Trump’s well-aimed threats got NATO countries to finally start paying their share of the organization’s costs, and the same way it is reporting how we are currently renegotiating NAFTA.
There is a reason the economy has started booming. And it isn’t because businesses fondly remember Barack Obama.
Between the media and the federal reserve they are doing all they can to slow our growth and dampen not just Trumps success but our country’s also.