Trump & China Agree to Temporary Trade War Ceasefire

Two years ago, Donald Trump was nothing more than a shrewd businessman who amassed a fortune.

Today, he is learning what it means to be a politician, but he is not like most politicians as he rarely gives way to hostile pressure.

That is part of what led him to take the strong stands on international trade that has more than rankled his adversaries, as if they needed another reason to disagree and oppose President Trump.

However, as a sign of Trump’s growing political prowess, the White House has announced that he and Chinese President Xi Jinping have come to a temporary agreement that appears to be a ceasefire in the escalating trade war.

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The Washington Examiner – Trump and Xi agree to temporary trade war cease-fire at dinner summit – President Trump and Chinese leader Xi Jinping reached an agreement on trade Saturday night, the White House press secretary said, that amounts to a temporary stand-down in the two countries’ trade war.

At the leaders’ highly anticipated dinner summit in Buenos Aires, Trump agreed to hold off on raising tariffs imposed on Chinese imports, and China agreed to purchase an as-yet-unspecified “very substantial” amount of U.S. products to reduce the trade deficit. With those concessions made, the two sides will allow 90 days for broader negotiations over Chinese trade practices before the U.S. resumes ramping up retaliatory measures.

“This was an amazing and productive meeting with unlimited possibilities for both the United States and China,” Trump said in a statement provided by the White House. “It is my great honor to be working with President Xi.”

The immediate effect of the preliminary deal will be a temporary reprieve for China on tariffs on $200 billion worth of goods, which were set to rise to 25 percent by Jan. 1, but now will stay at 10 percent…

The news of trade war ceasefire with China is welcome news for many farmers, along with automakers, distilleries and many electronic device companies.

The news should also help to silence some of Trump’s critics, although nothing would really silence many of them as long as Trump remains in office.

What’s ironic is that Trump has been doing more to secure the prosperous lifestyle that many of his critics enjoy and take for granted.

If those critics got their way, their lifestyles won’t remain as pleasant, but they fail to understand that.

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