Drudge Retort: The Other Side of the News
Monday, December 03, 2018

Trade negotiations between the U.S. and China will yield immediate results that will come even during the 90-day negotiation period ahead, National Economic Council Director Larry Kudlow said Monday. Tariffs on agriculture and energy products will be lowered while nontariff barriers on American ownership of companies in China also will come down, Kudlow told the Fox Business Network. In addition, Kudlow expects progress on technology transfers and intellectual property.

"Those things should kick in soon. We should see palpable change on the Chinese side immediately," he said. "I don't want to be too specific, but I think the generic answer is we will see changes very quickly. If China opens its markets as they promised to do, and they're going to do it fast according to their promises, we will increase our exports substantially for the simple reason that whether it's agriculture or industry, the U.S. is the most competitive economy in the world today" he said.

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We will see what happens, the last time Kudlow said something like the the USMCA was announced within 45 days.

#1 | Posted by Rightocenter at 2018-12-03 02:01 PM | Reply


Have you seen any manner of similar statement of optimism from the Chinese side?

I've not seen anything so far...

www.xinhuanet.com

There's an article on the new NAFTA agreement, plus a long general article on the G-20, but no article that I can see on the "truce."

#2 | Posted by LampLighter at 2018-12-03 03:37 PM | Reply

#2

Not a surprise, the Chinese media is controlled by the State and they won't discuss specifics in the press until the ink on an agreement is almost dry. I have found that the SCMP has the most insight if you are looking for a Chinese viewpoint on trade:

South China Morning Press: US-CHINA TRADE WAR

#3 | Posted by Rightocenter at 2018-12-03 03:45 PM | Reply

For example, this from the SCMP on China blocking US Embassy social media posts on WeChat:

A social media post by the US embassy in Beijing about the trade agreement between the two nations was being partially censored on Monday, with the WeChat article visible but blocked from forwarding or sharing.

The embassy WeChat posts about the outcome of the talks, which postponed the imposition of higher tariffs on Chinese goods by at least 90 days, were in English and Chinese.

The official statements made by China and the United States about what was agreed at the meeting in Argentina between presidents Xi Jinping and Donald Trump contained marked differences and omissions on both sides.

For example, the Chinese statement did not include mention of the 90-day deadline or a requirement that the nation begin buying more US farm, energy and other products.

The US embassy declined to comment on a specific post, but a spokesman said the embassy faced regular and routine blocking of social media posts in China.

China censors US embassy's WeChat post on trade war truce

In China, it is all about saving "face", they will point to the lifting of sanctions and all positive news for China but won't tell the masses how much they had to give up to get there.

#4 | Posted by Rightocenter at 2018-12-03 03:50 PM | Reply | Newsworthy 1

For Trump it is all about saving "face", they will point to the lifting of sanctions and all positive news for America but won't tell the masses how much they had to give up to get there.

#5 | Posted by snoofy at 2018-12-03 04:06 PM | Reply | Newsworthy 2

quick progress in US-China trade talks

Of course it's going quick.

Donnie mush brains is agreeing to all their demands.

Donnie's art of the deal: Take something that's working. Break it. Put something shoddy together that kinda looks like what you broke. Claim it's the best thing ever.

Republicans swoon!

#6 | Posted by ClownShack at 2018-12-03 04:11 PM | Reply | Newsworthy 1

Kudlow on the 2007-09 Financial Crisis:
In 2005, he said "all the bubbleheads" looking for a housing-price crash in Las Vegas and Naples, Florida, and the wider economy, would be proven wrong.

By December 2007, the month the National Bureau of Economic Research later dated the start of the recession, he was arguing there was no recession and that the "Bush boom continues."

"The pessimistas are a persistent bunch," he said.

Kudlow on Inflation:
He predicted in 2010 that Federal Reserve Chair Janet Yellen would spur higher inflation, which didn't happen.

In 2014 he argued lower oil prices are unambiguously good -- versus the Fed's and most economists' view that there are winners and losers to lower oil prices as the U.S. has become a bigger producer.

Kudlow on Economic Growth:
Echoing Trump, Kudlow in 2015 said the U.S. should have a 5 percent growth target, which is more than most economists think is realistic. The Fed's long-term growth estimate is less than 2 percent. Treasury Secretary Steven Mnuchin sees the U.S. economy expanding by 3 percent or faster because of tax and regulatory reforms.

In 2016, Kudlow predicted a business recession looms. Profits did decline before recovering.

#7 | Posted by 726 at 2018-12-04 07:45 AM | Reply

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