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A reality check on the announced US-China trade framework: more a return to the previous status quo than breakthrough. “I think in some sense the U.S. blinked. We are back to a status quo. China is reverting back to purchases it already made. When we think back to kind...

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Jim Sciutto

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39,134 görüntüleme • 9 ay önce •via X (Twitter)

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.U.S. Ambassador to NATO Matthew Whitaker on China: "They do need our market a lot more than we need theirs. But, you know, at the same time, The Iowa farmer—my friends back home that sell their exports to China—also would like those markets opened... what President Donald J. Trump wants is fair trade."

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"It's definitely not open," Karim Sadjadpour says of the Strait of Hormuz. "I don't think any major shipping or oil company would tell you that we've gone back to status quo ante, and that process could take many, many months if if indeed we are able to go back to to status quo ante."

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Madison Keys’ thoughts on the political climate back home in the U.S. “I’m not a fan of divisiveness and I think the beauty of the U.S. is we are a mixing pot. We are very diverse and we are a home of immigrants. I hope we get back to those values.” 🎥: 🎾Australia

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🇺🇸 SEC. BESSENT: TRUMP COULD BE THE PRESIDENT WHO OPENS UP CHINA “We want to bring back precision manufacturing to the U.S. They are overbalanced in manufacturing, underserved in consumption. As we generate more products, we are going to need new and bigger markets to sell our products to. I think there's a chance President Trump could be the president who opens up China.” Source: Acyn, Treasury Secretary Scott Bessent
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🇺🇸 SEC. BESSENT: TRUMP COULD BE THE PRESIDENT WHO OPENS UP CHINA “We want to bring back precision manufacturing to the U.S. They are overbalanced in manufacturing, underserved in consumption. As we generate more products, we are going to need new and bigger markets to sell our products to. I think there's a chance President Trump could be the president who opens up China.” Source: Acyn, Treasury Secretary Scott Bessent

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In June 1996, then-Congresswoman Nancy Pelosi addressed the U.S. House of Representatives, expressing concerns about the trade imbalance between the United States and China. She highlighted that the U.S. imposed an average tariff of 2% on Chinese goods, whereas China levied an average tariff of 35% on U.S. products, questioning the fairness of this disparity. Pelosi emphasized that the growing trade deficit, which had increased from $3.5 billion in 1989 to approximately $34 billion by 1996, was detrimental to American workers and labeled U.S.-China trade as a “job loser.” She urged her colleagues to reconsider the status quo and advocate for more balanced trade relations.
2:23

In June 1996, then-Congresswoman Nancy Pelosi addressed the U.S. House of Representatives, expressing concerns about the trade imbalance between the United States and China. She highlighted that the U.S. imposed an average tariff of 2% on Chinese goods, whereas China levied an average tariff of 35% on U.S. products, questioning the fairness of this disparity. Pelosi emphasized that the growing trade deficit, which had increased from $3.5 billion in 1989 to approximately $34 billion by 1996, was detrimental to American workers and labeled U.S.-China trade as a “job loser.” She urged her colleagues to reconsider the status quo and advocate for more balanced trade relations.

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There has to be a total mindset change in the Democratic party. When the war ends, we are not going back to the pre-October 7 status quo.
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There has to be a total mindset change in the Democratic party. When the war ends, we are not going back to the pre-October 7 status quo.

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Madison Keys was asked how she’s feeling 1 year into the 2nd Trump Administration, ‘I think the beauty of the U.S. is that we are a mixing pot... We are a home of immigrants. I hope that we can get back to those values’ “A year into the 2nd Trump Administration, tensions in the U.S. are pretty ridiculously high. I’m just wondering how do you feel personally about what the Trump administration has been doing?” Madison: “I think my stance has been pretty obvious. I think it’s pretty obvious where I stand. I am hopeful that we as a country can come together and get back to the values that I think make our country great. I am not a fan of divisiveness. I think the beauty of the U.S. is that we are a mixing pot. We are very diverse. We are a home of immigrants. And I hope that we can get back to those values.” (via Australian Open Press)
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House Foreign Affairs Committee member Rep. Ted Lieu (D-CA) says the U.S. policy in the Indo-Pacific had been to maintain the status quo and “keep China from doing anything stupid.” He tells Margaret Brennan that needs to be rethought: “In any prolonged conflict with China or Russia, the U.S. will run out of defensive munitions. We already started running out of defensive munitions in a war that lasted less than 60 days, and even against a second-rate military like Iran, they struck multiple U.S. bases. So in any overseas conflict, our overseas bases will be obliterated by Russia and China. We need a new defense strategy, and I call on the Pentagon to deliver that to Congress.”

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Soybean farmer: We don't want the aid. We want the trade. China starts buying elsewhere. Once they establish those trade routes, it becomes more difficult for them to come back to the US and buy their commodities. Once we lose that, we may never get it back again.
0:31

Soybean farmer: We don't want the aid. We want the trade. China starts buying elsewhere. Once they establish those trade routes, it becomes more difficult for them to come back to the US and buy their commodities. Once we lose that, we may never get it back again.

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The status quo simply isn't working for most Americans. We need to acknowledge that. But the answer isn't burning it all down. The answer is building government back up in a way that works for all of us.
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The status quo simply isn't working for most Americans. We need to acknowledge that. But the answer isn't burning it all down. The answer is building government back up in a way that works for all of us.

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I joined the Conservative Party back in 1997. It took 13 long years to rebuild. The lesson is clear: to bounce back faster we can’t double down on a failed status quo. We must listen, change and unite around the real solutions to the challenges facing the country.
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I joined the Conservative Party back in 1997. It took 13 long years to rebuild. The lesson is clear: to bounce back faster we can’t double down on a failed status quo. We must listen, change and unite around the real solutions to the challenges facing the country.

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.United States Trade Representative Ambassador Greer: "I think there is a world where we find out where can we optimize trade between China and the U.S. to achieve more balance."

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🇨🇳🇺🇸 TREASURY SECRETARY BESSENT: “THIS IS CHINA VERSUS THE WORLD - NOT JUST A U.S.-CHINA PROBLEM” “We have things that are more powerful than the rarer export controls that the Chinese want to put on. And to be clear, this is China versus the world. It's not a U.S.-China problem. Good news is that this is IMF week. A lot of my counterparts, or all my counterparts, are here. We're going to be speaking with our European allies, with Australia, with Canada, with India, and the Asian democracies. And we're going to have a fulsome group response to this because bureaucrats in China cannot manage the supply chain or the manufacturing process for the rest of the world. We don't want to damage their economy. We don't believe that they want to damage ours." Source: Rapid Response 47

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Former U.S. Ambassador Ryan Crocker says negotiations between Iran and the U.S. will take "a lot" of time. “What we should be aiming at now is a short-term return to the status quo before the hostilities began and then allow time for negotiations to unfold," he says.

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History is a witness that all those who demand change are labelled crazy until they achieve their aims. We must not fear the judgemental eye of those who want to protect the status quo. We must dare to be different! We must take charge of our destiny and call our souls our own. #2024IsOur1994
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History is a witness that all those who demand change are labelled crazy until they achieve their aims. We must not fear the judgemental eye of those who want to protect the status quo. We must dare to be different! We must take charge of our destiny and call our souls our own. #2024IsOur1994

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TRUMP JUST NOW ON THE CHINA TRADE DEAL: "We have the confines of a very strong deal with China. The most exciting part of the deal was the opening up of China to US businesses. I don't think I'll have to talk with Xi about the final details directly but I'm ready to do it like I did with the UK." White House Economic Advisor Kevin Hassett said today that when Trump is back from the Middle East, he will announce his next trade deal. If we get India or Japan soon...and then China to follow that up... The street is going to love this & if the average tariff rate starts to come down due to the negotiations (aka the WH lowers rates in order to get more concessions), Powell will have more liberty to cut rates due to less fears around tariff inflation. More trade deals, more investments in the US, lower rates...it could all set up the markets to gain serious momentum into the second half of the year.
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TRUMP JUST NOW ON THE CHINA TRADE DEAL: "We have the confines of a very strong deal with China. The most exciting part of the deal was the opening up of China to US businesses. I don't think I'll have to talk with Xi about the final details directly but I'm ready to do it like I did with the UK." White House Economic Advisor Kevin Hassett said today that when Trump is back from the Middle East, he will announce his next trade deal. If we get India or Japan soon...and then China to follow that up... The street is going to love this & if the average tariff rate starts to come down due to the negotiations (aka the WH lowers rates in order to get more concessions), Powell will have more liberty to cut rates due to less fears around tariff inflation. More trade deals, more investments in the US, lower rates...it could all set up the markets to gain serious momentum into the second half of the year.

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