White House contradicts Trump, says there's no deal with China

White House contradicts Trump, says there's no deal with China

Trump warned that although he and Xi want to get to an agreement "remember, I am a Tariff Man". The White House's official statement says nothing of the sort; it only says the US will hold negotiations with China on the latter's "forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft, services and agriculture".

Global investors, who had feared for months that a protracted trade war could hurt economic growth, seemed to cheer the cease-fire on Monday, but USA markets slid back on Tuesday as it became clear that there were few concrete commitments that came out of the discussions so far.

"When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so", he said. "It will always be the best way to max out our economic power". We are right now taking in $billions in Tariffs.

President Trump's self-proclaimed superhero status as "Tariff Man" does not impress Ben Shapiro.

Asked whether China would remove the 40% auto tariffs Larry Kudlow, the U.S. president's top economic adviser, said he "believed that commitment was made".

China's foreign ministry, the only government department that holds a daily briefing foreign media can attend, has repeatedly referred questions on details to the commerce ministry, which has yet to say anything.

China also agreed to lift tariffs, including reducing its 40-percent tariff on American cars, . which Mnuchin expects will eventually "fall to zero".

Netflix Hilariously Announces "FRIENDS" Will Not Be Leaving in 2019
The "departure is a rumor", Netflix's chief content officer Ted Sarandos told The Hollywood Reporter . Netlfix appears to be removing beloved sitcom Friends from its streaming library come January.

The White House said Xi said he was open to approving the previously unapproved Qualcomm-NXP deal should it again be presented to him. In July, Trump said he was willing to slap tariffs on every single Chinese import if China did not agree to an acceptable trade deal.

While the two sides left talks in Buenos Aires, with an upbeat attitude, confusion and a lack of clarity around what exactly Trump and Xi agreed to has left many experts skeptical that a concrete deal can be reached in such a short window. China has also agreed to buy more American farm goods, industrial goods, and energy, and to target fentanyl, a drug that has caused a large number of overdoses in America.

The move was confirmed on Monday by White House trade advisor Peter Navarro, . who called Lighthizer Washington's "toughest negotiator".

In a series of tweets, Trump celebrated the opening of negotiations between China and the US. In September, Washington went still further and announced 10 percent import duties on $200 billion worth of Chinese goods.

"Stuff is happening today", Kudlow said.

"The two key events of roughly the last week have been the painkiller dose offered by [Federal Reserve chair Jay Powell] and the soothing market effects of the so-called US-China truce", the Financial Times cited the high-profile analyst as saying.

Trump and Xi also agreed to immediately begin negotiations on structural changes with respect to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft, services and agriculture, according to the White House statement.

Related Articles

  • Mattis Condemns Russia's ‘Brazen’ Aggression Against Ukraine

    Mattis Condemns Russia's ‘Brazen’ Aggression Against Ukraine

    Putin is clearly a "slow learner" (an expression, often translated as" slowly thinking, " stupid", - ed.). He recognizes that what he does is actually creates hostility against his people.
    Man accused Kareem Hunt of nightclub attack one month before hotel incident

    Man accused Kareem Hunt of nightclub attack one month before hotel incident

    TMZ obtained video of the incident, which shows Hunt being restrained by a security guard as a crowd is gathered around. Within the report, the man says he was treated for broken ribs and a broken nose among bruises and contusions.
    Lebanon-Israel border 'quiet' despite operation

    Lebanon-Israel border 'quiet' despite operation

    There have been outbreaks of violence between Israel and Hezbollah across the Israel-Lebanon border, which is heavily fortified. The IDF added that it had "enhanced its presence and readiness in the Northern Command and is prepared for various scenarios".
  • United Kingdom can unilaterally end Brexit, EU top court indicates

    The court is assessing the issue under an accelerated procedure, since Britain is due to leave the bloc on March 29. Britain invoked the article on March 29, 2017 after voters backed Brexit in a national referendum the year before.
    Marco Silva 'proud' of Everton's performance despite Liverpool loss

    Marco Silva 'proud' of Everton's performance despite Liverpool loss

    It was in the sixth minute of stoppage time when Divock Origi scored the winning goal after Jordan Pickford's comical error . It shocked me the other day when Jeff Stelling said on Soccer Saturday that Burnley were the favourites for relegation.
    Urban Meyer out as Ohio St. coach after Rose Bowl

    Urban Meyer out as Ohio St. coach after Rose Bowl

    He has three national championships on his resume, including one with OSU in 2014 and two with Florida in 2006 and 2008. Two years later he won his third national title by leading the Buckeyes in the first-ever College Football Playoffs.
  • Complete denuclearisation needed to end sanctions: Ban Ki-moon to N Korea

    Complete denuclearisation needed to end sanctions: Ban Ki-moon to N Korea

    However, after hosting their third summit meeting with Moon in Pyongyang in September, Kim has agreed to visit Seoul . News on the summit timeline comes despite the cancellation of recently planned talks between U.S.
    Nick Jonas And Priyanka Chopra Wedding Update

    Nick Jonas And Priyanka Chopra Wedding Update

    Chopra asked her 26-year-old beau in the interview , to which he replied, "I am". Everything has "NP" carved on it, which stands for Nick and Priyanka .
    Former US President George Bush dies at age 94, family spokesman says

    Former US President George Bush dies at age 94, family spokesman says

    Bush, who died November 30, 2018 at the age of 94, served the government in various roles before he was elected president in 1988. During his time as president, the Berlin Wall fell, the Soviet Union and communism collapsed, and the Cold War ended.
  • Theresa May in showdown with Parliament as Brexit debate opens

    Theresa May in showdown with Parliament as Brexit debate opens

    They are fighting the government's chief legal adviser's decision to publish just a summary of legal advice on the Brexit divorce deal.
    The Latest Photos As President George H.W

    The Latest Photos As President George H.W

    Early on Monday, Bush's casket was flown from Houston to Washington , D.C., where his body will lie in state until Wednesday. Bush died at his Houston home on Friday night at the age of 94, seven months after the death of his wife, Barbara.
    Trump Imposes Six Month Deadline On Congress For NAFTA Substitute

    Trump Imposes Six Month Deadline On Congress For NAFTA Substitute

    Mexico. "We look forward to working with Congress to get USMCA passed into law as quickly as possible". Some Republicans say they, too, are disinclined to support the agreement in its current form.