Trump wins again: China announces ‘significantly lower’ tariffs on car imports, will address IP protection
PresidentXiXi Jinping promised Tuesday to cut China’s auto tariffs and improve intellectual property protection in possible concessions aimed at defusing a worsening dispute with Washington over trade and technology that investors worry could set back the global economic recovery.
Speaking at a business conference, Xi made no direct mention of his American counterpart, Donald Trump, or the dispute. He promised progress on areas that are U.S. priorities including opening China’s banking industry and boosting imports but didn’t address key irritants for Washington such as a requirement for foreign companies to work through joint ventures that require them to give technology to potential local competitors.
Private sector analysts saw Xi’s speech as an overture to help end the biggest trade dispute since World War II. It has fueled fears the global economic recovery might be set back if other governments are prompted to raise their own import barriers.
If only someone had a time machine and had known back in January this would happen (or, maybe, had a private jet and was in Davos with Xi...)
https://www.voanews.com/a/china-pledges-to-further-open-up-its-economy-at-davos/4224383.html
January, 25, 2018: "In his remarks, Liu He said China would focus on continuing to open up in four areas: finance, manufacturing and services, boosting intellectual property right protection and expanding imports.
On imports, Liu noted that last year China reduced tariffs on 187 products, cutting the average from 17.3 percent to 7.7 percent. He said such moves would continue.
In recent years, China has come under increasing criticism from the United States and other countries over its trade practices.
Automobile tariffs are one area of concern. Imported cars currently face a 25 percent tax coming into China, while Chinese automobiles that are shipped to the United States face a 2.5 percent tax.
In his speech Liu He repeated an earlier promise to gradually lower tariffs on imported automobiles, but gave no specifics on a possible timeline."
But the terrifying thing is HOW DID HILLARY AND THE DEEP STATE TRICK THE TRUMP APPOINTED NEW YORK ATTORNEY TO GET A WITCH-HUNT WARRANT?????!!!!!!
THE DEEP STATE IS SO DEEP IT INCLUDES TRUMP!!!!!! WHICH HUNT?