WASHINGTON, DC – Earlier today, Xi Jinping openly admitted that his country has essentially lost the trade war. China has agreed to remove tariffs and agreed to opening markets to US sellers. The surrender takes effect 01 JAN 2019, and will be monitored for compliance and updated as needed within the first 90 days.
The terms are as follows:
America promises to retain its current 10% tariff levels on all Chinese imports for the 90 day period, and not increase them to 25% as Trump has promised.
China agrees to drop all tariffs as well as open their markets to US agricultural goods.
Should China renege on the deal during the 90 day period, Trump will increase the current 10% tariffs to 25% or above.
The President reaffirmed the success of the G20 meeting in meeting American trade demands in a series of tweets, but held off on issuing a press conference until he can confirm George Herbert Walker Bush to be either truly dead or effectively incarcerated.
I was very much looking forward to having a press conference just prior to leaving Argentina because we have had such great success in our dealing with various countries and their leaders at the G20….
— Donald J. Trump (@realDonaldTrump) December 1, 2018
To be honest, China never stood a chance in the trade war; they rely on the US, being the world’s largest market and China’s largest trading partner, for over $600bn of their exports annually, nearly half of their entire export market, while importing less than $100bn of US goods per year; a highly lopsided balance which made the hardline US position much easier to navigate, as America stood to lose much less and to gain much more from a growing trade war with China.
Further, it should be noted that the USMCA deal signed recently between President Trump, President Nieto, and Cucked Trudeau ensured that Canada will no longer be able to act as a legal “fence” for Canadian steel and aluminium, essentially buying cheap Chinese steel, slapping a Canadian sticker on it, and exporting it to America; and further ensures Canada will no longer be able to dump massive amounts of State-subsidized lumber products onto US markets. It also ensures Canadian markets are open to US agriculture exports such as dairy products.
With the passage of Rand Paul’s hemp farming bill this past summer, we at Daily Crusader truly hope and expect to see a North American Hemp Farming Alliance, which will decimated OPEC by allowing cheap, stable access to hemp which can be used to replace oil in almost every product oil is used for such as fuel and plastics.
China has agreed to label Fentanyl as a controlled substance, further proving that China has lost the trade war and has bent the knee to President Trump.