Drudge Retort: The Other Side of the News
Tuesday, June 05, 2018

China offered to purchase nearly $70 billion of U.S. farm, manufacturing and energy products if the Trump administration abandons threatened tariffs, according to people briefed on the latest negotiations with American trade officials. In weekend talks in Beijing, Chinese negotiators led by Liu He, President Xi Jinping's economic envoy, presented a U.S. team headed by Commerce Secretary Wilbur Ross a package that includes Chinese companies buying more U.S. soybeans, corn, natural gas, crude oil, coal and manufactured goods.

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In 2016 it was 7.3 billion

#1 | Posted by ChiefTutMoses at 2018-06-05 05:59 PM | Reply

70.3

#2 | Posted by ChiefTutMoses at 2018-06-05 06:03 PM | Reply

"That proviso could make the deal a non-starter in Washington, where the White House has said it plans to move ahead with the tariffs shortly after June 15, as a way to pressure China to make more sweeping changes in its economy"

You know, Trump has a chance for a coup here, provided his bloody-minded vainglory will allow it.

#3 | Posted by Zed at 2018-06-05 07:06 PM | Reply


Trump Says The US Has A $500B Trade Deficit With China. It Doesn't.
www.newsy.com

...President Donald Trump is talking a lot about trade of late, namely trade with China. Just a few days ago, while talking with reporters at the White House, Trump said this:

"Last year we lost $500 billion on trade with China. We can't let that happen."

But we didn't. We lost about $336 billion. That's still a lot of money, but the president is off the mark by about $164 billion.

The president's argument, though, is that the U.S. runs a big trade deficit with China, and he has a point -- when it comes to goods, at least. The U.S. actually has a trade surplus in services with China of about $38.5 billion.
...


Will Pres Trump accept the offer of a mere $70B as an offset for what he has said is a $500B trade deficit with China?

#4 | Posted by LampLighter at 2018-06-05 08:47 PM | Reply

Either we get it in writing or it doesn't count.

#5 | Posted by Tor at 2018-06-05 09:06 PM | Reply

Even then it doesn't count.

#6 | Posted by sentinel at 2018-06-06 01:44 AM | Reply

...according to people briefed on the latest negotiations...

Anonymous sources are valid again!

#7 | Posted by REDIAL at 2018-06-06 01:53 AM | Reply

To appeal to his base and win support from others, Trump should be negotiating for for China to buy more manufactured goods produced in the US. Manufacturing is more labor intensive than farming and would result in more, better paying jobs.

#8 | Posted by FedUpWithPols at 2018-06-06 05:55 AM | Reply

Either we get it in writing or it doesn't count.

#5 | POSTED BY TOR AT 2018-06-05 09:06 PM | REPLY MEH

KInd of pointless on a preznit that doesn't read

#9 | Posted by RightisTrite at 2018-06-06 06:19 AM | Reply | Newsworthy 1

To appeal to his base and win support from others, Trump should be negotiating for for China to buy more manufactured goods produced in the US. Manufacturing is more labor intensive than farming and would result in more, better paying jobs.

#8 | POSTED BY FEDUPWITHPOLS

I disagree.

This buy/sell garbage is the wrong approach.

We should be requesting only two main items:
1. Intellectual Property protection which China doesn't enforce and costs us tons.
2. Dropping of protectionist tariffs for most manufactured goods, agricultural goods and for any services.

This levels the playing field.

#10 | Posted by Sycophant at 2018-06-06 11:56 AM | Reply

Yeah...but what's Ivanka getting out of the deal?

#11 | Posted by ABlock at 2018-06-06 12:12 PM | Reply | Newsworthy 1

Yeah...but what's Ivanka getting out of the deal?

#11 | POSTED BY ABLOCK

Not enough apparently because the US didn't take the deal.

#12 | Posted by Sycophant at 2018-06-06 05:22 PM | Reply

We should be requesting only two main items:
1. Intellectual Property protection which China doesn't enforce and costs us tons.
2. Dropping of protectionist tariffs for most manufactured goods, agricultural goods and for any services.

This levels the playing field.

I concur with the need for IP protection.

However, dropping of tariffs just deals with the process; not the end result. I'm focused on the end result. Changing the process does not ensure that US goods will be purchased because the Chinese could still find ways in which to unfairly inhibit the sale of US products. The end result of any negotiation must be the purchase by China of US products; especially manufactured goods.

#13 | Posted by FedUpWithPols at 2018-06-06 09:20 PM | Reply

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