• ← Back to INVESTOR TIMES
  • Investing Articles
  • Financial Markets News
  • Tech News
  • Cryptocurrencies News
FREEDOM OUTPOST
No Result
View All Result
FREEDOM OUTPOST
No Result
View All Result
FREEDOM OUTPOST

US & China Announce "Consensus" To “Substantially Reduce” $370 Billion Trade Deficit

by
February 18, 2021
in News
0

On Saturday, the united States and China issued a joint statement that a “consensus” had been reached between the two countries to “substantially reduce” the $370 billion trade deficit the US currently has with China.

“There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China,” the joint statement read.

“To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services,” the statement added.

The statement comes at the conclusion of joint talks between the two countries on Thursday and Friday.

take our poll – story continues below Completing this poll grants you access to Freedom Outpost updates free of charge. You may opt out at anytime. You also agree to this site’s Privacy Policy and Terms of Use.

President Donald Trump tweeted out a photo of himself and Vice Premier of the People’s Republic of China, Liu He on Thursday.

Talking trade with the Vice Premier of the People’s Republic of China, Liu He. pic.twitter.com/9T7Iq6F3Xe

— Donald J. Trump (@realDonaldTrump) May 17, 2018

Trump told reporters on Thursday, “We have been ripped off by China, an evacuation of wealth like no country has ever seen before, given to another country that’s rebuilt itself based on a lot of the money they’ve taken out of the United States, and that’s not going to happen anymore.”

President Trump didn’t blame China, but rather previous administrations for engaging in bad deals with the Communist country.

Dealing with the trade deficit with China was a major campaign promise that Trump ran on.

So, we have a consensus in writing, but if you know anything about China, that basically means nothing.  Trust me, I know people in business there who will vouch for that.

However, we’ll see just what the results are by China’s actions in the future.

Here’s a copy of the joint statement.

JUST IN: In joint statement with the US, China says it will “significantly increase purchases of United States goods and services” to “help support growth and employment in the United States.”https://t.co/vpyWbVRRy9 pic.twitter.com/OZ0CU8vqPJ

— CNBC Now (@CNBCnow) May 19, 2018

Don’t forget to Like Freedom Outpost on Facebook and Twitter, and follow our friends at RepublicanLegion.com.

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon to the right of the comment, and report it as spam. Thank you for partnering with us to maintain fruitful conversation. If you don’t see a commenting section below, please disable your adblocker.

Previous Post

Wikileaks Email Exposes Clinton Campaign Chairman Using Soviet Assassination Term Just Prior to Justice Scalia’s Death

Next Post

Trump: Democrats Want A Government Shutdown To Get Off Subject Of How Good The Tax Cuts Are

Next Post

Trump: Democrats Want A Government Shutdown To Get Off Subject Of How Good The Tax Cuts Are

About Freedom Outpost

The content of this site has been restored on a non-profit basis to preserve knowledge and serve as a historical archive. All articles were originally published on freedomoutpost.com and belong to their respective authors.

Freedom Outpost was an independent journal published to cover vital public policy issues and offer a public service.

Search in the archive

No Result
View All Result

Latest posts

  • Taking Sides: The Christian's Responsibility in Civic Affairs II
  • EgyptAir MS804 Flight Attendant posted Picture on Facebook of Plane crashing a year before She Died
  • Blue Angels Marine Pilot Capt. Jeff Kuss Could Have Ejected Once He Knew His Plane Was Going To Crash…But He Didn’t
  • Man Jailed After Claiming to be ‘Transgender’ to Assault Women in Shelter
  • Trump: Democrats Against North Korea Summit Just Like They Defend MS-13 & Attack Tax Cuts

InvestorTimes.com

InvestorTimes.com is a privately funded financial publication particularly created for professional and personal investors and intellectually restless individuals.

Our raison d'être is to provide insightful information to any citizen willing to understand global economical markets and the most relevant current affairs.

Contact us: info@investortimes.com

WE ARE LOOKING FOR TALENT

INVESTOR TIMES is always open to the incorporation of talent in its team of journalists and editors. If you would like to be part of our project as a collaborator, we invite you to submit your application.

Contact us: talent@investortimes.com

INTERNATIONAL EDITIONS

Investor Times en Français

Investor Times in Deutsch

Investor Times in Italiano

Investor Times em Português

Investor Times po Polsku

Investor Times на русском языке

El País Financiero (edición en Español)

DMCA.com Protection Status

  • ← Back to INVESTOR TIMES
  • Investing Articles
  • Financial Markets News
  • Tech News
  • Cryptocurrencies News

© INVESTOR TIMES

No Result
View All Result


About Freedom Outpost

The content of this site has been restored on a non-profit basis to preserve knowledge and serve as a historical archive. All articles were originally published on freedomoutpost.com and belong to their respective authors.

Freedom Outpost was an independent journal published to cover vital public policy issues and offer a public service.

© INVESTOR TIMES