Trump Signs Huge Phase One Deal With China

Trump Signs Huge Phase One Deal With China


President Trump does his job, and he does it well, which is much more than can be said for any Democrat in government.

Trump is making America great again, both here on the homeland and overseas with international deals, the most recent of which is huge for U.S.-China trade relations.

After much talking, Trump has gotten China to agree to a monumentous Phase One trade deal that will push us forward in the direction of fair trade with the country that has taken advantage of America for years.

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Against all odds, Trump has even gotten China to agree to stop stealing intellectual property from the U.S., so that they can make their own original products instead of just copying.

Check out the breaking news:

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Fox Business has more details on the deal:

Details are emerging of China's purchase commitments from the U.S under a historic phase one trade deal between the two economic superpowers to be signed later Wednesday in Washington.

U.S. sources have told FOX Business the purchases will total $205 billion to $210 billion over two years while Chinese sources indicate the buys would be between $215 billion and $220 billion.

“There’s a very detailed dispute-resolution process,” Treasury Secretary Steven Mnuchin told FOX Business’ Lou Dobbs on Tuesday evening. “This is an enforceable agreement just as the president dictated it would be.”

The pact, which follows a trade war of nearly two years, is slated to be signed by U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He at the White House. The purchase details are contained in a section of the agreement that officials have said won't be made public.

CNBC also said:

U.S. and China trade representatives will end years of intense bilateral negotiations with a “phase one” deal on Wednesday that promises billions of dollars’ worth of agricultural purchases and the beginning of reforms to China’s longstanding practice of forced technology transfer.

For all the pomp and circumstance expected at the signing ceremony — and repeated assurances from American negotiators — many are still unsure of exactly what the two nations are agreeing to.

On paper, the deal includes a “dramatic expansion of U.S. food, agriculture and seafood product exports” as well as an agreement by China to end its long-standing practice of forcing or pressuring foreign companies to transfer their technologies to Chinese companies, according to a U.S. Trade Representative document.

The USTR has also said the deal reiterates U.S. opposition to currency manipulation and a commitment by China to buy at least $200 billion in U.S. exports over two years including manufactured goods, food, agricultural, energy products and services.

Estimates of the value of goods by industry the White House believes Beijing will buy include about $80 billion in manufactured goods, $53 billion in energy, $32 billion in agriculture and $35 billion in services.

“We have been going through a translation process that I think we said was really a technical issue,” Treasury Secretary Steven Mnuchin told Fox News on Sunday. “And people can see. This is a very, very extensive agreement.”

Top negotiators, including Mnuchin, U.S. Trade Representative Robert Lighthizer, and others are expected to attend the signing on Wednesday in Washington.


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