Payne's Perspective: October 14, 2019: Phase One
10/14/2019
It’s not a done deal. However, it’s a big step in the right direction and reflects the epiphany President Trump was bound to realize; the great China trade deal must be done in tranches. On that score, the first tranche is much better than I anticipated, although critics will say it’s underwhelming. Therefore, I resist calling the news from Friday a “trade deal” skinny or otherwise. The agreement presents a potential major turning point toward a complete comprehensive deal that the naysayers will have to admit is impressive. Truth be told, anything is better than the status quo, which was a rapid move toward China’s global dominance using America’s riches and stolen intellectual prowess. That said, President Trump pointed out details that need to be resolved and that will take a few weeks. However, the draft was already part of the prior “deal” that China junked in May. There are additional components, including the size of agriculture and currency. Click here to read the full report.
Charles Payne
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