President Slams Wall Street Journal, Announces Phase 1 of China Trade Deal
President Trump has won another major victory in his Trade War with China, announcing Phase 1 of a trade deal was complete. The deal includes no new tariffs, as were scheduled for next week, but does not roll back the existing tariffs as the Wall Street Journal wrongly reported. The President announced all this on Twitter Friday morning and scolded the WSJ telling them to “find a better leaker!”
The Wall Street Journal story on the China Deal is completely wrong, especially their statement on Tariffs. Fake News. They should find a better leaker!
— Donald J. Trump (@realDonaldTrump) December 13, 2019
Phase 1 of the U.S./ China trade deal reportedly tackles a wide range of misdoings that China has been partaking in. It includes victories for the U.S. by putting in place measures to improve intellectual property protection, opening up the Chinese financial services market and preventing Chinese currency manipulation. Phase 2 of the trade deal is expected to take on even more Chinese crested problems including forced-technology transfer, subsidies, and the behavior of Chinese state-owned firms.
.....The Penalty Tariffs set for December 15th will not be charged because of the fact that we made the deal. We will begin negotiations on the Phase Two Deal immediately, rather than waiting until after the 2020 Election. This is an amazing deal for all. Thank you!
— Donald J. Trump (@realDonaldTrump) December 13, 2019
The announcement and confirmation from the Chinese government come the same day as Brexit gained a huge win in the UK, opening the possibility for a massive trade deal with them as well. Even with the left wing naysayers, these victories will undoubtedly help the already prospering U.S. economy. Just last week the November job numbers were announced and the number of new jobs smashed expectations, wages were up, and unemployment was down to historic levels.