Trump claims trade win with China, but real deal still far off – Business Insider

President Donald Trump tweeted on Saturday that an initial trade agreement with China was the “greatest and biggest deal ever,” citing wins for US farmers and billions in Boeing plane sales.The US and China reached an agreement Friday in which Trump suspended a new round of tariffs in exchange for trade concessions.The initial deal represents significant progress, but a full resolution to the long-running trade dispute between the world’s largest superpowers is still a long ways off. Read more stories like this on Business Insider.President Donald Trump on Saturday took to Twitter to tout victory in an initial trade agreement the US and China reached the day before, calling it the “greatest and biggest deal ever made for our Great Patriot Farmers in the history of our Country.”But both sides acknowledge a full resolution to the long-running trade dispute between the world’s largest superpowers remains a long ways off. The two countries reached an accord Friday that will nix a new round of tariffs Trump had planned to unleash on Tuesday in exchange for trade concessions from China.Precise details were scant, but the agreement reportedly included China’s purchase of as much as $50 billion in US agriculture products — one of the hardest-hit US industries in the trade-war crossfire. Trump sought to pump air into the accomplishment of the first-phase agreement Saturday, revealing that the deal also includes billions in Boeing plane sales and saying that farmers “really hit pay dirt!”—Donald J. Trump (@realDonaldTrump) October 12, 2019″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. 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!” Trump wrote. The two
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