Trump To Give China Until 2025 To Commit To Trade Deal | WHAT REALLY HAPPENED


Trump To Give China Until 2025 To Commit To Trade Deal

With 4 minutes to go before the close of trading and stocks within spitting territory of red for the day, someone had to take control of "price discovery" and with the FT's street cred already used up after it's "90% done" report last night, it was up to Bloomberg to preserve the "trade talk optimism" which it did when it reported fresh details on the ongoing trade deal being finalized (and we use the term loosely) between the US China, which according to Bloomberg source would give Beijing until 2025 to meet commitments on commodity purchases and allow American companies to wholly own enterprises in the Asian nation.

And here is where the "deal" gets downright farcical: according to the proposed agreement (and we again use the term loosely), China would commit by 2025 to buy more U.S. commodities, including soybeans and energy products, and allow 100 percent foreign ownership for U.S. companies operating in China as a binding pledge that can trigger retaliation from the U.S. if left unfulfilled.

Webmaster's Commentary: 

Absoflippinglutely unbelievable.

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