Trump Does Deal w/ China Over DRK

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anonymous_coward
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Trump Does Deal w/ China Over DRK

https://www.wsj.com/articles/trump-says-he-offered-china-better-trade-te...

"WASHINGTON—President Donald Trump said Wednesday he has offered Chinese President Xi Jinping a more favorable trade deal for Beijing in exchange for his help on confronting the threat of North Korea.

Mr. Trump, in a wide-ranging interview with The Wall Street Journal, said he would accept, for instance, a trade deal with China that does less to address trade deficits.

“I told him, I said, ‘You know we’re not going to let that [current trade deficit] go ahead,’ ” Mr. Trump said of his meeting last week with Mr. Xi. He added he told Mr. Xi: “ ‘But you want to make a great deal? Solve the problem in North Korea.’ That’s worth having deficits. And that’s worth having not as good a trade deal as I would normally be able to make.”"

Not sure how this flies w/ the "America First!" crowd, but I like this deal. And clearly China was ready to deal (what we don't know is how much they used our annoyance of NK against us to get a good financial deal).

In any event, it's good for us, good for China, bad for NK, probably bad for domestic manufacturing (but that was dead anyway).