A problem no matter which kind of trade agreement or talk about whether its with mexico and canada or with china as were just about to break get into whats going to the u. S. Markets soar to record highs monday as a socalled phase one trade deal between china and the u. S. Boosted sentiments and relieve fears of another terror a school ation this deal announced on friday after more than 2 and a half years of an on and off negotiations will reduce some u. S. Tariffs on chinese goods in exchange for increased chinese purchases of u. S. Ag more details have emerged from the u. S. Side now an 86. 00 page agreement which ranges from intellectual property to ag purchases where china is to buy up to 50000000000. 00 over the next 2 years raising total imports to 200000000000 dollars while u. S. Trade representative said that this deal is totally done absolutely quote china took a more cautious tone reiterating that this would be quote a huge challenge to fulfill those commitments maging statem
Business boom bust broadcasting around the globe and covering the world of business and finance and the impact on us all ive been for and im christiane washington has less moving markets today one of mexicos top trade officials says that one of the biggest claims about the u. S. M. C. A. Isnt going to happen because then violate mexican law and sovereignty well explained. Friends new Prime Minister is ready to make good supporting parts of england that came out thanks for him wont break down Boris Johnson spending spree and do it well the back end of it is where the president is ready to airdrop the nations cryptocurrency to the public just in time for the holidays so how much is going to be given away and why is the coolest mother oh doing this weve got the details thanks for being with us on this very busy day a lot to get to and so we begin here with pushback on the new u. S. Embassy a trade deal mexicos trade representative now says there is no way that they will allow labor inspec
Total imports to 200000000000. 00 while u. S. Trade representative said that this deal is totally done absolutely quote china took a more cautious tone reiterating that this would be quote a huge challenge to fulfill those commitments made a statement focused more so on the broad principles of phase one and refrain from mentioning any specific targets during his press conference why well as multiple analysts pointed out the scale of these purchases seemed completely implausible given the slowing chinese economy the us is now asking for an increase in purchases over that of 2017 during the pretrained war times this is asking for a 110 percent year over year increase in purchases and 2020 which is obviously not visible meanwhile the u. S. Has still been unclear about how and when it will roll back other tariffs a condition that china has firmly maintained so it seems like this is only a trade deal for the public eye and to hold for escalation. Merely to prevent things from getting worse
Quote. And so you see mexico saying no this whole discussion about the idea that essentially inspectors would go into mexico would walk through factories would determine whether or not mexico is living up to standards as the u. S. And canada see fit he says its not going to happen and it makes sense because if youre talking about the sovereignty of mexico and what theyre doing they can have other countries coming in there determine whether or not you know they are in violation of this agreement exactly and of course ability is always going to be a problem no matter which kind of trade agreement or talk about whether its with mexico and canada or with china as were just about to break get into whats going to the u. S. Markets soar to record highs monday as a socalled phase one trade deal between china and the u. S. Boosted sentiment and relieve fears of another terror scale ation this deal announced on friday after more than 2 and a half years of an on and off negotiations will reduce s
Violation of this agreement exactly and of course ability is always going to be a problem no matter which kind of trade agreement or talk about whether its with mexico and canada or with china as were just about to break get into whats going to the u. S. Markets soar to record highs monday as a socalled phase one trade deal between china and the u. S. Boosted sentiments and relieve fears of another terror a school ation this deal announced on friday after more than 2 and a half years of an on and off negotiations will reduce some u. S. Tariffs on chinese goods in exchange for increased chinese purchases of u. S. Ag more details have emerged from the u. S. Side now an 86. 00 page agreement which ranges from intellectual property to ag purchases where china is to buy up to 50000000000. 00 over the next 2 years raising total imports to 200000000000 dollars while u. S. Trade representative said that this deal is totally done absolutely quote china took a more cautious tone reiterating that