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Economy

BREAKING: China Offers Path to ‘ELIMINATE’ US Trade Deficit, Stocks Post BIG GAINS

posted by Hannity Staff - 1.18.19

The stock market rose by 300 points Friday after reports the Chinese government offered a path towards totally eliminating the US-China trade imbalance by 2024, according to CNBC News.

“The major averages jumped to their highs of the day after sources told CNBC that China had offered a six-year increase in U.S. imports during recent trade talks. Bloomberg News reported on Friday that the deal would aim to reduce the annual U.S. deficit to zero by 2024,” writes CNBC.

“The Wall Street Journal reported that Treasury Secretary Steven Mnuchin had floated the idea of easing tariffs on Chinese goods as the two countries continue to negotiate on trade,” adds the article.

This is a developing story. Check back for updates.

AMERICA FIRST: The President Labels Himself ‘TARIFF MAN,’ Warns Those Seeking to ‘Raid our Nation’

posted by Hannity Staff - 12.04.18

President Trump doubled-down on his widespread use of trade tariffs to improve the US economy and the American manufacturing base Tuesday, saying he is a “tariff man” after reaching a 90-day “truce” with China.

“I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN,” tweeted the Commander-in-Chief.

“But if a fair deal is able to be made with China, one that does all of the many things we know must be finally done, I will happily sign. Let the negotiations begin. MAKE AMERICA GREAT AGAIN!” he added.

AMERICA FIRST: The President Says Country’s with Unfair Trade Deals Will be ‘TARIFFED’

posted by Hannity Staff - 9.17.18

President Trump doubled-down on his administration’s aggressive international trade policies Monday; saying nations with unfair trade deals will be “tariffed” in the coming weeks.

The Commander-in-Chief praised the international tax on social media just days after threatening China with a new round of tariffs, adding “Tariffs have put the U.S. in a very strong bargaining position, with Billions of Dollars, and Jobs, flowing into our Country – and yet cost increases have thus far been almost unnoticeable. If countries will not make fair deals with us, they will be ‘Tariffed!’”

The President’s comments come after he threatened China and other countries with upwards of $250 billion tariffs on foreign-produced goods, including aluminum, steel, and other raw materials.

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