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‘I Suggest Farmers … Immediately Buy More Land': Trump, China Reach ‘Phase One' Of Tentative Trade Agreement


Added 10-11-19 06:16:02pm EST - “President Donald Trump said he reached "phase one" of a tentative U.S.-China trade deal after meeting with Chinese Vice Premier Liu He Friday.” - Dailycaller.com

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Posted By TheNewsCommenter: From Dailycaller.com: “‘I Suggest Farmers … Immediately Buy More Land’: Trump, China Reach ‘Phase One’ Of Tentative Trade Agreement”. Below is an excerpt from the article.

President Donald Trump said he reached “phase one” of a tentative U.S.-China trade deal after meeting with Chinese Vice Premier Liu He Friday.

The announcement comes amid a 15-month-long trade war involving back-and-forth tariffs, blacklists and threats to and from both countries as the administration attempts to hold China accountable for its trade tactics.

The president told reporters in the Oval Office Friday that the two countries came to a “very substantial phase one deal,” which could be signed in November, that will address concerns regarding intellectual property theft and financial services.

He added that China also agreed to buy “$40 to $50 billion worth of agricultural products.” (RELATED: Who Is Winning The Trade War — The US Or China?)

“I suggest farmers have to go and immediately buy more land and get bigger tractors. They will be available at John Deere and a lot of other great distributors,” the president said, adding, “Phase two will start almost immediately” after phase one is signed.

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