The attention is on North Korea, but a trade deal shaping up with China is not getting the attention it deserves.
Trump is hoping/expecting a trade deal with China after extending the deadline before raising tarriffs. The end of March is the target date. Looks like his point man trade representative Robert Lighthizer is full of himself. Video below. The background:
“President Trump has already started promoting a ‘signing summit’ at Mar-a-Lago before an agreement has even been inked,” Democratic Minority Leader Chuck Schumer said Wednesday. “I say to President Trump, it would be a momentous failure if you relent now and don’t receive meaningful, enforceable and verifiable commitments on structural reforms to China’s unfair trade policy.”
Considering that for decades no one cared one wit or bothered one wit to deal with China and our enormous trade deficit it’s pretty rich. Setting aside their theft of intellectual property. Sound familiar? How far did the previous administrations get with North Korea?
Looking at the headlines one wouldn’t know that Trump is the President and Bob is the worker bee – trade rep.
But now of course Schumer and the New York Times are more than happy to opine negatively. As far as Bob? From my quick lookie look just another swamp creature that worked government to make his bones, made his connections then moved on to a law firm to make the super big bucks on trade and now is taking his “skill set” back to government for a tune up.
WASHINGTON — President Trump has signaled that he is moving toward peace with China in a trade standoff that has rattled markets and businesses globally. But as he backs off his threat to impose higher tariffs, the president’s relationship with his own trade negotiator is now showing signs of strain.
The situation has left Mr. Trump’s trade representative, Robert Lighthizer, who is both an ardent supporter of the president and a longtime China critic, in an uncomfortable bind. While broad tariffs on Chinese imports brought Beijing to the negotiating table, Mr. Trump has grown impatient with the talks, and a consensus is growing in Washington that Mr. Trump will ultimately accept a weak deal.
And despite the lack of a transformative arrangement he once promised, the president has begun dangling the idea of a “signing summit” with President Xi Jinping of China at Mar-a-Lago, Mr. Trump’s Florida resort. As a result, the president is undermining Mr. Lighthizer as he tries to pressure China to make big concessions.
Goodbye Lightie...U.S. Trade Representative Robert Lighthizer contradicted the boss in front of the Chinese delegation…then went on to get snarky. Looks like Trump still can’t drain the swamp. This happened at a trade meeting presser? Don’t let the door hit you …. going out the door.
US president Donald Trump argued with his US trade chief during a televised trade meeting. When asked a question about trade talks with China, which have been taking place over the weekend, Donald Trump said he is against using memoranda of understanding [MOUs].
‘I don’t like MOUs because they don’t mean anything. To me they don’t mean anything,’ Trump said. Robert Lighthizer jumped in to explain that an ‘MOU is a contract … a binding agreement between two people’. To which a gruff Trump replied, ‘I disagree.’ Lighthizer got the message, adding ’from now on we’re not using the word Memorandum of Understanding anymore. We’re going to use the term trade agreement, all right?’
The Chinese delegates must have been aghast at the disrespect shown Trump.
Godfather – Never tell outside the family what you’re thinking