shockedcanadian
Diamond Member
- Aug 6, 2012
- 43,702
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Wow, China gets access to chips which they desperately need to win the A.I race, get a 10% discount on tariffs and in return some vague promises to cut down on fentanyl chemicals (they wont keep their word on this), send some cheap to make rare earths.and buy some soy beans? I have to say that China is winning this negotiation. Why America would weaken their nation by outsourcing rare earth processing is beyond me but clearly China is exploiting this weakness, getting the world in return as they squeeze the U.S, probably to the glee of CNN and MSNBC. Is America going to jeopardize their high tech chip advantage for some garbage minerals? Just accept the dirty job of making them domestically! Trump cuts China tariff after Xi signals tougher fentanyl enforcement, rare-earth pause. President Donald Trump on Thursday said he will cut tariffs on Chinese imports after a highly-anticipated meeting with Chinese President Xi Jinping in South Korea, citing new understandings on fentanyl enforcement, farm trade, and a pause on rare-earth export limits.
The meeting in the City of Busan marked the final stop of Trump’s Asia trip, which also included stops in Malaysia and Japan, and focused on cooling the economic standoff between Washington and Beijing.
Since returning to the White House in January, Trump has levied major tariffs on Chinese imports – a move that prompted Beijing to tighten its control over exports of rare earth elements. Both leaders signaled interest in reducing tensions to avoid further shocks to the global economy.
The meeting in the City of Busan marked the final stop of Trump’s Asia trip, which also included stops in Malaysia and Japan, and focused on cooling the economic standoff between Washington and Beijing.
Since returning to the White House in January, Trump has levied major tariffs on Chinese imports – a move that prompted Beijing to tighten its control over exports of rare earth elements. Both leaders signaled interest in reducing tensions to avoid further shocks to the global economy.
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