Is Trump’s China Trade Deal Now Even Worse Than Where We Started??

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Did President Trump just make a bad trade deal?
That’s what people are asking after reports started coming out that Chinese officials were confirming to the media that a trade deal with the US had been worked out after both sides spent the last two days in London together for talks.
And that was confirmed this morning when Trump posted (in all caps so you know it’s serious):
“OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME.
FULL MAGNETS, AND ANY NECESSARY RARE EARTHS, WILL BE SUPPLIED, UP FRONT, BY CHINA.
LIKEWISE, WE WILL PROVIDE TO CHINA WHAT WAS AGREED TO, INCLUDING CHINESE STUDENTS USING OUR COLLEGES AND UNIVERSITIES (WHICH HAS ALWAYS BEEN GOOD WITH ME!).
WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT! THANK YOU FOR YOUR ATTENTION TO THIS MATTER!” []
Frankly speaking, Trump’s post doesn’t really give us the meat and potatoes of what was actually negotiated… and as of right now we just don’t know.
What is being reported is that in return for China easing restrictions on the export of rare-earth minerals and magnets to America, the US would ease its own restrictions on technology sold to China.
And it kinda makes sense that both those products would be where the two sides started since they both have what amounts to monopolies on them.

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Produced by: Cory Ray, Philip DeFranco
Edited by: James Girardier, Maxwell Enright, Julie Goldberg, Christian Meeks, Matthew Henry
Art Department: William Crespo
Writing/Research: Brian Espinoza, Philip DeFranco
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#DonaldTrump #China #Tariffs