(The Conservative Treehouse)—Commerce Secretary Howard Lutnick appears on CNBC to outline some of the topline details behind the latest U.S-China trade agreement.
As Lutnick notes, with all the terms agreed over two long days of negotiation, the details now move to “the paper” where President Trump and Chairman Xi will review and approve. The agreement is ¹only between the USA and China and does not involve trade details with other nations who will not be pulled along by our U.S. position.
This facet is very interesting because it means ¹Canada, a nation entirely dependent on China for industrial raw materials, does not gain benefit from the outcome of the U.S-China trade agreement. Canada is openly, publicly, trying to develop their economic model with a relationship toward the U.K and EU, to the detriment of the USA. If China grants benefit to the USA that are not existent for Canada, the U.K and E.U, that puts their coalition of economic adversaries at a disadvantage.
Lutnicks’ throw-away line, “we tried to help them, but it didn’t work out”… moving on. lol
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