China Presses Trump to Remove Tariffs

Written by Swiss America

640px President Donald J. Trump visits China 2017 38427499221China presses Trump to remove more tariffs in 'phase one' trade deal -CNBC
"China is pushing U.S. President Donald Trump to remove more tariffs imposed in September as part of a 'phase one' U.S.-China trade deal, people familiar with the negotiations said on Monday. The deal, which may be signed later this month by Trump and Chinese President Xi Jinping at a yet-to-be determined location, is widely expected to include a U.S. pledge to scrap tariffs scheduled for Dec. 15 on about $156 billion worth of Chinese imports, including cell phones, laptop computers and toys....

Pompeo Speech Slams 'Communist' China

Written by Swiss America

47600539751 d1c5756bb6 wPompeo slams 'communist' China in fiery speech, says US must 'confront challenges' from Beijing 'head-on' -Fox News
"Secretary of State Mike Pompeo delivered a fiery speech Wednesday night, describing how America has 'taken on the challenge' posed by the 'communist government' in China. Speaking while receiving the Hudson Institute's 2019 Herman Kahn Award in New York City, Pompeo said it's time to realize 'the degree to which the Communist Party is hostile to the United States and our values.'...

Why China "Trade Deal" Remains a Farce

Written by Swiss America

Taming the DragonFour Reasons Why The "Trade Deal" With China Remains A Farce -Zero Hedge
"The US-China trade deal...is a bum deal. Why do we say that? Without referencing our own work again, consider: 1. US House Speaker Nancy Pelosi has just said Democrats are ready to get tougher on China than Trump by aligning with the EU against it...Trump might actually be the trade dove at this point in time....

US National Debt Surpasses $23 Trillion

Written by Swiss America

ValuationStocksUS debt surpasses $23 trillion for first time -The Hill
"The federal government's outstanding public debt has surpassed $23 trillion for the first time in history, according to data from the Treasury Department released on Friday. Growing budget deficits have added to the nation's debt at a speedy rate since President Trump took office.

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