Florida Farmers: Some say trade deal puts them at disadvantage

by Ben Pena March 11, 2019, 10:26
Florida Farmers: Some say trade deal puts them at disadvantage

"Nothing in cement, but there's a lot of talk about a meeting", the veteran financial guru and former Ronald Reagan adviser told CNBC.

China's exports and imports plummeted much more than expected in February, official data showed Friday, adding to worries about slowing growth in the world's number two economy as it fights a trade war with the U.S. Citing a possibility to experience a recurrence of such corpulent volume of trade deficit again in 2019, a chief economist at MUFG in New York, Chris Rupkey said, "The trade deficit exploded past year despite the Trump administration efforts to make America great again, and the trend is unlikely to get any better in 2019".

Lack of clarity on this issue will also likely mean more negotiations are needed before Presidents Donald Trump and Xi Jinping meet to consummate any treaty. I think we're doing well ...

United States lawmakers are considering whether to approve a renegotiated trade deal with Mexico and Canada.

China and the US are reported to be close to an accord that would end their nine-month trade dispute after progress in the negotiations led Washington to delay raising punitive tariffs on $200 billion of Chinese imports, originally scheduled to take effect from the start of this month.

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In a move that could help the negotiations, China's parliament will next week pass a new law regulating foreign investment and barring the forced transfer of technology by foreign firms to Chinese joint venture partners.

"I am confident but. if this isn't a great deal, I won't make a deal", Trump told reporters as he departed the White House to visit tornado-damaged Alabama. And it's raised concerns in Beijing that a Mar-a-Lago summit - the second between the two men, who met at the resort in April 2017 - could end embarrassingly for Xi, whose willingness to meet at Trump's club rather than a neutral location could already be seen as a concession in the trade talks.

"Any enforcement mechanism must be two-way, fair and equal", he said. February cargoes were tied with the highest monthly total on record set in September a year ago.

Trump has vowed that any deal will result in large Chinese purchases of American goods, including soybeans and energy like oil and gas. China has made the same commitment in other multilateral agreements, as well, The Wall Street Journal reports.

"Looking ahead, we find little reason to expect a rebound in the near term on the back of a sluggish global electronics cycle", said Yeung.

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