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Positive headway between China/U.S. trade wars – WSJ

 

The Wall Street Journal published an article that states that the U.S. and China are ‘closing in on a deal that would give China’s ZTE Corp. a reprieve from potentially crippling U.S. sanctions in exchange for Beijing removing tariffs on billions of dollars of U.S. agricultural products, said people in both countries briefed on the deal.’

In retaliation to Trump’s proposed duties against Chinese imports, Beijing sought to hit back at the president’s voter base and were announcing an equal dollar-figure of tariffs on a list of 128 products including soybeans and pork, aiming to hurt    US farmers. we have the midterm elections coming up and such an outcome would leave the  Republicans defenceless in  efforts to keep control of the House and Senate in the elections.    

U.S. / N.Korean summit

This comes after Trump recently praised N.Korean leader who he previous ridiculed, (Little-Rocketman), for releasing the three U.S. prisoners ahead of the U.S./N.Korean summit that will be a historical event as the U.S. set the gal post firmly as Trump seeks to denuclearise  N.Korea.  The North Korea-United States summit is a planned future meeting between the leaders of North Korea and the United States set to take place on June 12,  2018  in Singapore

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