Trump says Chinese demand after ‘greatest deal ever made’ may overwhelm US farmers

President Trump lauded the partial trade agreement he struck with China this week, calling it the “greatest and best” deal in a tweet Saturday morning.

As part of the deal — which Trump and President Xi Jinping could sign as soon as next month — China agreed to raise its agricultural purchases to between $40 billion and $50 billion from $8 billion to $16 billion and to make certain reforms on intellectual property and financial services. The U.S. will not raise tariffs on Oct. 15 from 25 percent to 30 percent.

It’s still unclear whether Trump plans to halt another round of tariffs that are set to take effect on Dec. 15.

“The deal I just made with China is, by far, the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our Country,” he wrote. “In fact, there is a question as to whether or not this much product can be produced? Our farmers will figure it out.

Thank you, China!”

Phase two negotiations are expected to begin immediately after the first agreement is signed. (China’s trade team is not calling the decision a “deal,” but rather a pause in the 15-month long tit-for-tat tariff war).

US-China Trade Deficit Relief with | VERITY-EPEM (CHINA) Agreement

 

 

 

 

US-China Trade Deficit Relief with | VERITY-EPEM (CHINA) Agreement

Press Release 01.08.2019 Boca Raton Florida USA, Beijing China.

VERITY International, Ltd. has recently engaged in an agreement with EPEM (1) for an exclusive provision and Agreement (2) to validate and provide custom Made in USA Certified® and Product of USA Certified® Country of Origin Labeling “COOL“ Claims for US-made products and services through industry-leading verification and validation services regarding imports into China.

Providing balance and transparency for the U.S. | China Trade deficit both Presidents U.S. Donald Trump and China Xi Jinping are working to narrow.

The Advanced Technology from this the Joint Venture will be to provide COOL verification for both import and export from the Chinese market for complete transparency using Internet of Things (IoT), Blockchain and Artificial Intelligence (AI).

 

 

 

 

 

(1) EPEM is a wholly owned subsidiary of the Chinese Government Commercial Network Construction and Development Center.

(2)  Agreement is exclusive for verification and validation services for the official “Made in China Certified™” claim to increase the perceived quality and brand of Chinese products in the international market.

Included in agreement VERITY has an exclusive provision to provide all Country of Origin COOL verification and validation services regarding imports into China with “Made in USA and Product of USA Certified” claims, to help balance out and provide transparency for the U.S. | China Trade deficit and all COOL claims

Tags, Made in USA Certified®, Product of USA Certified®, Made in China Certified™, President Donald Trump, President Xi JinPing, U.S. China Trade Deficit

 

Verity:  http://verity.bz
EPEM: http://www.1p1m.cn
Press Contact press@verity.bz
Phone: 561.279.2855