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Zorro

(18,783 posts)
Sun Jun 8, 2025, 06:04 PM Jun 2025

Trump economic adviser 'very comfortable' with a trade deal closing with China on Monday

National Economic Council Director Kevin Hassett said Sunday that he is “very comfortable” with a trade deal closing between the United States and China after the two sides meet Monday in London.

Hassett’s comments on CBS’ “Face the Nation” come after President Donald Trump said last week that he had a “very good” conversation with Chinese leader Xi Jinping and that talks with China are “very far advanced.”

Hassett said the United States is looking to restore the flow of “crucial” rare earth minerals, which are used in the manufacturing of electronics, to the same levels before early April, when the US-China trade war escalated.

“Those exports of critical minerals have been getting released at a rate that is higher than it was, but not as high as we believe we agreed to in Geneva,” Hassett said.

Commerce Secretary Howard Lutnick will lead the negotiations in London, along with Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, who in May led a weekend of the trade talks in Geneva.

https://finance.yahoo.com/news/trump-economic-adviser-very-comfortable-185833708.html

You just know that ain't gonna happen...

7 replies = new reply since forum marked as read
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Trump economic adviser 'very comfortable' with a trade deal closing with China on Monday (Original Post) Zorro Jun 2025 OP
Which I don't believe................... Lovie777 Jun 2025 #1
They all lie newdeal2 Jun 2025 #3
Now comes the "surrender" to China! Tarzanrock Jun 2025 #2
When they say "deal" they mean something else ... VMA131Marine Jun 2025 #4
Why am I reminded of Baghdad Bob? Midnight Writer Jun 2025 #5
Kevin Hassett is an ass. spanone Jun 2025 #6
He said. Xi said. taxi Jun 2025 #7
 

Tarzanrock

(1,250 posts)
2. Now comes the "surrender" to China!
Sun Jun 8, 2025, 06:32 PM
Jun 2025

I just hope the Turd doesn't give up Guam or the Hawaiian Islands to China.

VMA131Marine

(5,323 posts)
4. When they say "deal" they mean something else ...
Sun Jun 8, 2025, 06:56 PM
Jun 2025

They may be able to agree to the framework of a deal with some of the major points of contention worked out but it will be months to years before anything is finalised. Trade agreements are incredibly complex because of the excruciating detail that goes into every component. If the U.S. actually finalises a deal on Monday it’s a guarantee that we got screwed because the Trump team is incompetent.

I’ll note also that the announced agreement with the UK was just such an agreement in principle. All the gritty details have still to be worked out.

Midnight Writer

(25,601 posts)
5. Why am I reminded of Baghdad Bob?
Sun Jun 8, 2025, 07:35 PM
Jun 2025

Bob was the Iraqi spokesperson who repeatedly denied Iraq was being invaded, even as American troops can be seen operating behind him.

taxi

(2,747 posts)
7. He said. Xi said.
Sun Jun 8, 2025, 07:55 PM
Jun 2025

What can possibly be said to someone who is trying to weasel out of whatever agreement was made?
When someone opens with, 'We believe we agreed to', instead of 'what we agreed to' only two things are going to happen.
Xi will get everything he wants or he will refuse to continue discussing things. There is no sense in talking any further about it when if the previous agreement is questionable.

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