Trump is very happy about his meeting with China’s President…

Trump is very pleased with the meeting he had with Chinese President Xi in Argentina. This morning he let of a series of tweets praising both the man and the meeting as well as the accomplishments they made.

But first, Trump declared late last night that China has agreed to reduce and remove tariffs on US cars coming into China:

China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40%.

This is a big deal, especially given the announcement GM made last week. I’m sure Trump had them in mind when getting this concession from China, however I do wonder if it’s enough to keep GM from having to shutter plants around the US. That said, car stocks are reported to be up this morning over the news.

This morning Trump was very optimistic about the meeting he and Xi had:

My meeting in Argentina with President Xi of China was an extraordinary one. Relations with China have taken a BIG leap forward! Very good things will happen. We are dealing from great strength, but China likewise has much to gain if and when a deal is completed. Level the field!

Farmers will be a a very BIG and FAST beneficiary of our deal with China. They intend to start purchasing agricultural product immediately. We make the finest and cleanest product in the World, and that is what China wants. Farmers, I LOVE YOU!

President Xi and I have a very strong and personal relationship. He and I are the only two people that can bring about massive and very positive change, on trade and far beyond, between our two great Nations. A solution for North Korea is a great thing for China and ALL!

I am certain that, at some time in the future, President Xi and I, together with President Putin of Russia, will start talking about a meaningful halt to what has become a major and uncontrollable Arms Race. The U.S. spent 716 Billion Dollars this year. Crazy!

I am glad to see that Trump is finally making headway on trade with China since this trade war began. I’m also glad he kept his praise of Xi limited to this meeting and their trade deals. Because as we know, Xi is cracking down on the church in China with persecution the church hasn’t seen in decades. He’s a horrible totalitarian president and the last thing I want to hear Trump do is compliment him on being a great president.

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