President Trump’s Self-Proclaimed ‘Tariff Man’ Nickname Got Him Trolled With Superhero Jokes
Dec 05 2018
However, while President Donald Trump has been talking up the truce brokered at the G20 summit as "an incredible deal" and potentially "one of the largest deals ever made", there is every reason to look closely at the fine print-or the lack thereof. The US said that China will purchase a "very substantial" amount of US products to ease the trade imbalance, and would clamp down on the export of deadly synthetic opioid fentanyl to the US. If talks fail, the tariff rate on $200 billion of the original $253 billion worth of goods will be hiked from 10 percent to 25 percent.
President Donald Trump's advisers are scrambling to explain a trade deal he claimed he'd struck with China to reduce tariffs on USA cars exported to the country-an agreement that doesn't exist on paper and still hasn't been confirmed in Beijing.
"The negotiations with China have already started".
The editor in chief of The Daily Wire played "Free Market Avenger" to "Tariff Man" on Tuesday after the president's trade-war rhetoric with China shook the stock market. China imposes a 15 per cent tariff on imported vehicles and raised the levy on US cars to 40 per cent in retaliation for tariffs the Trump administration imposed on Chinese products.
Trump said he and Xi "are the only two people that can bring about massive and very positive change, on trade and far beyond, between our two great Nations". Senior administration officials also had trouble articulating any specifics about the deal in press briefings.
Trump's economic team has spun his knee-jerk protectionism as a tactic created to negotiate "better" trade deals - but so far, those better trade deals don't seem to be stronger than the status quo ante. This self-proclaimed nickname, "Tariff Man", has led to a wealth of jokes, including some superhero-related tweets that speculate about this newly minted Trump persona.
In a subsequent tweet, Trump said he would "happily sign" a "fair deal" that addresses USA concerns, should one be reached with Beijing.
"I think there'd be quite a burst in shipments of small, less-expensive Korean cars to China, and also of parts, that's another big part of auto trade", he said.
While it remains to be seen if Washington and Beijing can iron out their trade differences, it would be beneficial for both sides' energy sectors to at least reach some sort of deal that would allow the free trade of energy between the two super powers.
Wang added that the two also agreed to open markets to each other, and that China will work to gradually resolve USA concerns in the process of further opening-up.
Washington also expects China to promptly address structural issues including intellectual property theft and forced technology transfers, USA officials have said. Let the negotiations begin.
Trump agreed he will leave the tariffs on $200 billion worth of Chinese products at 10 percent, and not raise it to 25 percent as he has threatened to do January 1, according to a White House statement.
They said they would hold off on imposing additional tariffs for 90 days starting on December 1 while they sought a solution to their trade disputes.