Chinese state-run media, the English-speaking Global Times, today once again showed Chinese duplicity in any trade 'negotiations' declaring that 'sources in Beijing' want all tariffs removed before any 'trade deal' can be signed with the Trump administration.
We at CD Media wrote just this morning that no trade deal was possible with China and the U.S. should keep tariffs in place and grow our economy organically under Trump deregulation and free-market incentives.
The real question now is whether Trump will increase tariffs as he threatened to do after delaying the increases earlier in the year in an attempt to reach a deal with Beijing. Obviously President Xi and his hardliners expect Trump to fold in an election year.
In a time when Trump is fighting the Deep State for control of the executive branch, we doubt he will cave to Chinese bullies. In our opinion, the markets and the economy are rising due to his economic policies rather than some nebulous 'trade deal' which is getting less and less material to American economic growth.
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