Phase One of US-China Trade Deal Is Mostly Symbolic

President Trump says his just-signed trade deal with China is unprecedented, but it’s mostly symbolic and has little to nothing to offer ordinary Americans, says Jocobin’s Nicole Aschoff.

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24 thoughts on “Phase One of US-China Trade Deal Is Mostly Symbolic

  1. Looking at this from where I sit in France, your president is saying elect me the second time and Phase II of the trade war with China will be resolved.
    A trade war that did not have to happen waisted an entire year of employment and industry for 137 million working Americans. 

    Meanwhile, China has two years to buy the first part of the trade arrangement and can do it in small drips the way your president described water leaks from a faucet.

  2. China is working the balance of Tao, reserving its strength while allowing the cancer burn itself out. Chinese negotiators know there can be no economic balance or peaceful coexistence on our planet until the cancerous US Regime is brought to an end. Yes, regime it is, the US people have long since lost their democracy. All US presidents, past and present, are coerced mouthpieces for this Regime. The world sees the regime's war machine dollar, propped up by Wall Street hype, has already zeroed. The world is watching, patiently awaiting reality to strike.
    Aloha from Ireland. http://www.alanconlan.org

  3. This sounds like a smoke screen for the condition of agriculture due to extreme weather and devastatio to the crops nation wide as well as around the world. Nothing is more important at this time than being able to survive the coming storm that will change all things in a blink of an eye and being prepared for where your life goes from there. Heart, Mind, and Soul being of one accord , with one intention.

  4. Let's sum this up. Trump starts trade war with china, after US companies farmers etc.. lose what I forget how many billions and billions. Over idk year or 2? And Omg its revolutionary we have phase 1 of the deal! China will buy 200b worth of good by 2021 which is good since they probly have been spending like 100m. And oh both countries still have around 60% tariff? And best news ever . Trump solved Chinas IP stealing issue!!!!! Well actually they just cant demand IP from companies that do business there. Didnt hear anything about they cant just keep doing it goodol fashion way. My lord what a deal! It's almost like…. nothing has fundamentally changed ? If this took a few years and is part 1. Then Lol. The art of the deal.

  5. Welcome to the United States of Israel (AIPAC) sponsored by Saudi Arabia and made in China for never ending wars which the taxpayers are paying for to feed the war pigs.

  6. U.S. tariffs are a tax paid to the Federal government by the American consumers. It says China cannot demand the transfer. Doesn't stop the transfer. How else can products be produced without the technical knowledge? The U.S. does subsidize business with tax cuts and other give aways.

    No more trickling down.

  7. all a distraction. will do nothing to help us workers. the international corps have left america decades ago and arent coming back. they will leave china and go to vietnam africa and anywhere else slave labor is possible. the green stuff will kill whats left of our economy.

  8. @The Real News Network : TYPO! Your text summary for this video says " …, says Jocobin's Nicole Aschoff", but that should be " _Jacobin's Nicole … ". Jacobin is what Greg pronounces, and I did Wikipedia searches for both, getting a page for "_Jacobin (magazine)_ " and NOTHING for Jocobin. Also, and based on the first paragraph of the page for the Jacobin mag., it surely is what Nicole contributes to. https://en.wikipedia.org/wiki/Jacobin_(magazine) Quote: " Jacobin is a democratic socialist quarterly magazine based in New York offering American leftist perspectives on politics, economics, and culture. … Noam Chomsky has called the magazine "a bright light in dark times".[3] … ". With that said, this is a very fine and interesting interview. Nicole strikes me as being quite level-headed.

  9. This is actually historic, I'm dying to see the results. If this doesn't work, I don't ever wanna hear the the trickle down crap ever again. On the other hand this brings to light the fact that China subsidizes it's businesses because they're communist. Progressives want the same thing basically, government subsidies and bigger government. In my opinion what will happen is we will end up like China…there will be plenty more work you can guarantee, but the jobs will probably suck like they do now. All the homeless people who choose not to work and drug addicts dropping out of society are going to face harsh realities. I'm not criticizing homeless people or drug addicts, I can totally understand their predicaments, and feel sorry for them. We will see what our breaking point is I guess. I wonder if the homeless and drug addicts will get sent to re-education gulags like China has? Maybe turn up missing, random stuff like that? We can't possibly incarcerate anymore, it's already a laughing stock to us and the whole world. They will just pretty up new jails and call them "job training" or "re-education" facilities in my opinion.

  10. Classic trump create a crisis. Then make a deal to get half of the losses back from your crisis and declare victory.

  11. this agreement is binding against china. if china cheats, they will have violated the agreement. the progressive dream of controlling china's domestic pollution and labor policy via a trade deal is a fantasy.

  12. The United States must return to providing all our requirements needed for our country to defend, clothe, feed, house, and transport our population and it's materials without reliance on off shore suppliers, and services. Manufacturing is essential, the same as agriculture and healthcare is for a prospering people and their Nations economy. Manufacturing must take place within our Nation borders, regardless of less expensive goods and services offered from offshore suppliers.
    Globalism has failed, and is the reason for our countries ongoing reduction in living standards and economic, social breakdown of the population as a whole, the poor and middle class in particular.
    The bottom line must be, if we can't make it, we don't need it, if we don't grow it , we don't eat it.
    Exports are great, providing we are exporting excess production at a profit for which a tax can be paid and will not destabilize on shore or offshore markets, and populations.
    The globalist way of thinking is extremely short sighted with fast profits in mind and involve serious negative adverse consequences. Globalists generate conditions extremely susceptible to Supply excesses and disruption leading to costly security, health, and economic dangers, igniting imbalances causing boom and bust cycles interfering with sound steady quality of life standards throughout the world's population's.

  13. It would be nice if the DJT administration worked out a better trade agreement than the one that was in place before DJT acted like a child and now the citizens of the United States will have to pay far more for goods and services from China. What a loser.

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