Economic talks between U.S., China result in truce in trade war

hey we finally have a President who doesn't bow and apologize to other countries all the time. No wonder the economy is historically high..

Do not over-react folks. There's likely a method in this madness. It may not be a one-sided trade, as many are surmising. China may also be ceding some of its valuables - piles of its hard, cold cash to Trump family projects overseas. It may be a loss to the US, to our working families and factories. But what's our loss against Trumps' gains?

Can anyone cite any instance in Trump's nearly half century life in business where he walked away from his personal gain so that others may receive their due, if not a share of the profits? Do not take my word for it. Ask all those workers, small time contractors and jobbers who rendered him supplies and labor but did not get paid. Ask his co-investors what they received when Trump declared his six bankruptcies and has publicly bragged to have come making money out of each bankruptcy.

That's the man. That's his essence, his reality. His nature. His whole being. Every damn cell in his body.

It's galling how all the other previous US presidents and current leaders in the West -- nearly all free-marketeer globalists -- did nothing about China's misconduct, like forced technology transfers, 25% tariffs on cars, etc.

"Everyone has known all along that China was cheating," an analyst told CNN last week. Right, so you and the rest of the globalist elite and its stakeholders did what, exactly, about it? Keep quiet? Cowtow to Beijing?

When our policymakers refuse to protect our interests -- by choosing to safeguard the interests of foreigners and billionaires instead -- then it's time for them to leave the stage and let others take their place. That's how democracy works. If populism continues to spread in the West, we will know who was responsible.

Globalisation is irreversibel as human history is one of globalisation. Level playing field is and IP are subjects to be worked on.

then it's time for them to leave the stage and let others take their place. That's how democracy works

Democracy is one man one vote, a flaw in the US election system, without it Trump wouldn't have become president.

If populism continues to spread in the West, we will know who was responsible.

Populism has a function and the spread of it in Europe has more to do with migrants / refugees with a certain faith than with losing jobs because of globalisation.

African migrants to Europe can be seen as victims of globalisation but are merely kept in Italy where the 'the endless stream' of them contributes among other issues to the late success of the 3 populists parties in that country. Populism on the other hand is deep rooted in Italy.

Globalisation is irreversibel as human history is one of globalisation.

No it isn't. Globalization is the result of highly directed, energetic efforts recently by a small group of powerful people with vested interests. If it were an inevitable organic process, the trade agreements wouldn't requires thousands of pages of conditions and exemptions and the negotiations wouldn''t be shrouded in secrecy and drag on tortuously.

Today's version of globation has only been around for about 30 years. Human civilization for 200,000 years. It will be gone and replaced by a different paradigm in the not too distant future, my bet is on a kind of neo-merchantilism.

Humans have always been communal and tribal by nature, enjoying success and prosperity after banding together and forming tight-knit communities and being capable of defending - as opposed to giving away - their economic interests.

Today's version of globation has only been around for about 30 years. Human civilization for 200,000 years. It will be gone and replaced by a different paradigm in the not too distant future, my bet is on a kind of neo-merchantilism.

I think there is a good chance you're right. And I think the medium that will enable/back the change is blockchain technology.

So China gets out from under sanctions and commits to nothing specific in return?

If it were an inevitable organic process, the trade agreements wouldn't requires thousands of pages of conditions and exemptions and the negotiations wouldn''t be shrouded in secrecy and drag on tortuously.

Who says it's an 'inevitable organic process' ? There's been trade since people start moving over land [ Silk Road etc etc] and offshore. When Marco Polo travelled to what's called China today he brought a disrupting 'technology transfer' to the West to stick to a subject you mentioned in another post above. And what you often see with 'technology transfers' is that new users innovate it to a higher standard or use for a till then unknown purpose. So western nations went offshore and opened 'new markets' in far destinations with 'trade agreements' not based on 2 signatures but on gun policy.

On modern globalisation : started with the British empire in the 19th century, came into hold with WW 1, the interwar and WW 2. During the last war, in 1944, the allied nations met in Bretton Woods to regulate the monetary and financial order after WW 2. The initiative for founding the IMF is taken there.

So 'today's version' of globalisation is taking place since WW 2 and not for the last 30 yrs, with the GATT since 1948 responsible for taking down trade restrictions till the founding of the WTO in 1995.

Arguable you can state that American MNC's were the frontrunners of globalization [with the z :) ] as the IMF and the Worldbank are under US control. The efforts of the Americans to liberate Europe had a price. As the larger countries tried to set up their own [ later joint] defence industry US manufacturers pressured smaller countries to buy their hard ware. An European computer industry initiative died at infant age as the American players were allowed to earn back on their investments in European facilities and take over the market with advanced products, a market where European players were bound by national borders [back then] while the Americans could operate in most countries.

One more on 'technology transfers' : aware that right after the war 'till then unknown technologies' of the Germans were confiscated by the allied occupation forces and that the engineers / scientists involved were either abducted or facing prison time when they were not willing to cooperate. No? Of course not, that was the booty !

It will be gone and replaced by a different paradigm in the not too distant future, my bet is on a kind of neo-merchantilism. 

I wouldn't bet on the zero-sum game as that leads to this:

https://upload.wikimedia.org/wikipedia/commons/2/2a/Battle_ofScheveningen%28Slag_bij_Ter_Heijde%29%28Jan_Abrahamsz._Beerstraten%29.jpg

Humans have always been communal and tribal by nature, enjoying success and prosperity after banding together and forming tight-knit communities and being capable of defending - as opposed to giving away - their economic interests.

I can imagine you settling down next to a nice river in West-Virginia and wish you all the best forming your tight-knit community over there :)

So China gets out from under sanctions and commits to nothing specific in return?

No, they said that they were going to buy more US goods :)

Its just amazing what $500 million in Chinese government investment can do when put into a Trump project. Serendipity. ;)