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We are building China at expense to our middle class.
Xi said Beijing will “significantly lower” tariffs on auto imports this year and ease restrictions on foreign ownership in the auto industry “as soon as possible.”
Yeah! Right! China will just lay down?
Don't worry, you won't get an acknowledgement about this success from the WSJ, CATO, NYT, the Koch Brothers or the Coc Suckers.
it's almost like there's something to this whole negotiation thing President Trump has been talking about.
Wonder why no one thought of it before him.
He does it so well, it's almost like he might have written a book about it.
Tariffs are working very quickly.
Its as if Donald J Trump was a business man before!
China is known to pay lips service "yeah we're gonna liberalize and remove tariffs" and then continue exactly as before.
"Chinese officials have been promising since at least 2013 to ease restrictions on foreign joint ventures in the auto industry, which would allow foreign firms to take a majority stake. They currently are limited to a 50 percent stake in joint ventures and cannot establish their own wholly owned factories.
Here goes the third volley.
Right after Kudlow has spent days trying to calm investors.
The media had spent months explaining us why trade is good in spite of all the losers.
The NYT had just explained us why China is confident it can win a trade war.
Popcorn needed here!