Donald Trump Says The Agreement With China Favors US Farmers, Key To His Re-election – 10/12/2019

The president of the United States, Donald Trump, said Saturday that the partial agreement reached with China to start a truce to the trade war between the two countries is "very favorable" for several sectors of the economy of his country, in tune with the government from Beijing that, shortly before, celebrated the "important agreements" of the negotiation announced on Friday.

"The agreement that I just made with China is, by far, the best and biggest deal that has been made for our patriotic farmers in the history of our country. In fact, there is doubt about whether you can produce so much product or No. Our farmers will solve it. Thank you China! "Trump said in his Twitter account.

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The agricultural and livestock sectors of the United States had been the hardest hit by the tariff war between Washington and Beijing, so this pact principle should soften the impact on the country's farmers.

The deal I just made with China is, by far, the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our Country. In fact, there is a question as to whether or not this much product can be produced? Our farmers will figure it out. Thank you China!

– Donald J. Trump (@realDonaldTrump) October 12, 2019

…. Other aspects of the deal are also great – technology, financial services, 16-20 Billion in Boeing Planes etc., but WOW, the Farmers really hit pay dirt! @ChuckGrassley @joniernst @debfisher @BenSasse Thank you to all Republicans in Congress for your invaluable help!

– Donald J. Trump (@realDonaldTrump) October 12, 2019

The rural vote was key for Trump in the 2016 presidential election, as he won with a wide margin in eight of the ten states with the highest proportion, such as Montana and West Virginia. And they will have a fundamental role in the 2020 elections, in which the Republican president seeks his re-election.

The president explained that other aspects of the agreement, such as the technology, financial services and aeronautics sectors, are also "great" for the interests of the North American country.

In his tweet, Trump also thanked several Republican senators, such as Chuck Grassley and Joni Ernst, for their involvement and support during negotiations with China.

USA and China reached a "significant" partial agreement on Friday to give a truce to the commercial war they have waged since last year, and could sign it during the APEC summit in November in Chile, according to Trump.

Under the agreement, Washington decided to suspend its plan to raise Chinese import tariffs of $ 250,000 million from 25% to 30%, while China promised to acquire between $ 40,000 and $ 50,000 million in US agricultural products, according to the White House.

The government of China was satisfied on Saturday with the "significant progress" recorded in the last round of negotiations with the United States.

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"Both parties have made significant progress in areas such as agriculture, protection of intellectual property rights, exchange rates, financial services, expansion of commercial cooperation, technology transfer and dispute resolution," the Chinese side said in a statement. published by the state news agency Xinhua.

According to the text, "the two negotiating teams conducted sincere, efficient and constructive conversations on economic and commercial matters that affect both."

As has happened after each round of trade negotiations, neither China nor the United States revealed the details of the talks, but Trump said this Friday in Washington that they include some measures related to the devaluation of the Chinese currency and intellectual property issues.

However, contradicting what China has said next, Washington said it has not addressed the forced transfer of technology in China, an issue that will be discussed "in the second phase."

The agreement also does not resolve the issue of export vetoes that affect Chinese telephony giant Huawei, an issue that is being negotiated in a parallel process, US Foreign Trade Representative Robert Lighthizer told reporters.

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In principle, the pact will be put on paper over the next four weeks and the goal is for Trump and Chinese President Xi Jinping to sign it during the summit of the Asia-Pacific Economic Cooperation Forum (APEC) to be held in Santiago de Chile on November 16 and 17.

Source: EFE



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