Drudge Retort: The Other Side of the News
Friday, February 08, 2019

Trade talks between the U.S. and China are so far apart that neither side has put anything in writing yet, The Wall Street Journal reported Friday. The Journal said the two sides have not even drafted an accord specifying the matters they agree and disagree on. The U.S. and China are trying to meet an early March trade deadline. If a deal is not struck before then, U.S. tariffs on Chinese goods will increase, barring some sort of extension. The report comes just a day after White House economic advisor Larry Kudlow said there is a "pretty sizable distance to go" before China and the U.S. reach a deal. Kudlow also indicated, however, that President Donald Trump is "optimistic with respect to a potential trade deal."

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wait-what?

this isn't what the DR Resident Know it All's said!?

according to them, we already won, even though the gap grew by 10%.

#1 | Posted by ChiefTutMoses at 2019-02-08 09:42 AM | Reply | Newsworthy 1

This is what real amateur hour at the white house looks like.

#2 | Posted by Nixon at 2019-02-08 10:40 AM | Reply

you know what this means!

Today will be a torrent of Venezuela and other meaningless drivel from the DR "conservatives"

#3 | Posted by ChiefTutMoses at 2019-02-08 10:44 AM | Reply


... Kudlow also indicated, however, that President Donald Trump is "optimistic with respect to a potential trade deal." ...

Well, duh.

Of course Pres Trump is going to be optimistic. He is the self-proclaimed world's best ever deal maker.


I do find it curious, however, that Dir Kudlow refers to the potential trade deal, indicating a level of doubt.

#4 | Posted by LampLighter at 2019-02-08 04:42 PM | Reply

Interestingly enough, the SCMP's lead article was 'Still chance of a breakthrough' in China-US trade war even if Donald Trump holds off on talks with Xi Jinping" which puts the opposite spin on this same story:

China and the United States still might make a breakthrough when mid-level officials meet for trade talks next week in Beijing even if a presidential summit does not take place before a crucial March 1 deadline, according to Chinese government advisers.

US President Donald Trump and his Chinese counterpart Xi Jinping were expected to meet at the end of this month around the same time as Trump's summit with North Korean leader Kim Jong-un in Vietnam.

That had raised hopes that a deal could be struck between the two countries before US tariffs on Chinese imports rise from 10 per cent to 25 per cent on March 1.

But Trump said on Thursday that it was "unlikely" he would meet Xi before the March deadline for a deal.

Asked if he would meet Xi this month, Trump responded "no" and shook his head, adding "unlikely".

Earlier on Thursday, White House economic adviser Larry Kudlow told the Fox Business television channel that there was "pretty sizable distance" between the world's two biggest economies on reaching and agreement.

Observers said next week's trade talks – involving US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin – would be key in any progress.

"Trump's remarks [of not meeting Xi] are a way to signal and to pressure on China," said Wu Xinbo, director of the Centre for American Studies at Fudan University in Shanghai.

"So next week's meeting in Beijing will be crucial in deciding whether a Xi-Trump meeting can be held."

Wei Jianguo, former vice-minister of commerce and now vice-chairman of the China Centre for International Economic Exchanges, also said there was still a chance that the two leaders might meet if next week's talks went well.

"It is still likely that the two sides can reach an agreement in principle next week [to further postpone the tariff increase] ... and the leaders' summit will be the occasion to announce the results," Wei said.

This kind of posturing in the financial press is not uncommon and happened during the run up to the USMCA. What is interesting is that it is the US that is pessimistic and China who is optimistic about the prospects of a deal, which seems to reveal who needs the trade war to end sooner rather than later.

It will be interesting to see what the public statements are next week after Mnunchin's and Lighthizer's trip to China.

#5 | Posted by Rightocenter at 2019-02-08 04:54 PM | Reply

This guy couldn't even make money on a casino. What makes anyone think he could favorably negotiate a complex international trade agreement?

#6 | Posted by JOE at 2019-02-08 05:15 PM | Reply

#6

Because he isn't actually negotiating it. Once Lighthizer and Mnunchin get done, Donnie Little Hands will of course take all the credit, but he probably only has a 100,000 ft view of what is going on.

#7 | Posted by Rightocenter at 2019-02-08 05:34 PM | Reply

This will be a disaster for America, just like everything else this moron and his lackeys have done over the past two years.

I find your optimism downright retarded.

#8 | Posted by BruceBanner at 2019-02-08 07:24 PM | Reply

I find you downright retarded.

#9 | Posted by Rightocenter at 2019-02-08 08:12 PM | Reply

"Because he isn't actually negotiating it. Once Lighthizer and Mnunchin get done"

Okay, so what makes you think the Goldman banker on loan to the White House will favorably negotiate a complex international trade agreement?

Favorably for America, that is.

#10 | Posted by snoofy at 2019-02-08 08:26 PM | Reply | Newsworthy 1

#10

Why would he side with China?

#11 | Posted by Rightocenter at 2019-02-08 08:40 PM | Reply

Why would a banker side with globalization and cheap labor at the expense of the American working class...

Are you drunk already?

#12 | Posted by snoofy at 2019-02-08 08:43 PM | Reply

Why would a banker side with globalization and cheap labor at the expense of the American working class...

That's funny, I didn't realize that he was appointed by Hillary Clinton.

#13 | Posted by Rightocenter at 2019-02-08 09:08 PM | Reply

"Deflection noted."

#14 | Posted by snoofy at 2019-02-08 09:11 PM | Reply

Back at ya.

#15 | Posted by Rightocenter at 2019-02-08 09:14 PM | Reply

In all seriousness, you can't have it both ways: Mnuchin gets criticized because he was a strong proponent of the tariffs on steel and China, which detractors claim hurt us as a leader in the global economy and on the other hand accuse him of siding with globalization and cheap labor because he was a banker at GS.

#16 | Posted by Rightocenter at 2019-02-08 09:18 PM | Reply

"Mnuchin gets criticized because he was a strong proponent of the tariffs on steel and China"

And those helped American workers, in your mind?

#17 | Posted by snoofy at 2019-02-08 10:21 PM | Reply

Deals like this interferes with our top executive's TV time. First things first.

#18 | Posted by bayviking at 2019-02-09 09:47 AM | Reply | Funny: 1

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