Page 34 - Phase 2 News Today

Yes, yes, this is for guys like john who are not good with chinese. we will have that magnified so fast, your head will spin. well, a tremendous message and thank you very much. and i have read this and i appreciate it very much. this is from president xi. and we knew that we were going to have a very successful phase 1. it took us a long time to get here, but it is something that is going to be great for china and great for the usa. we appreciate it very much. please congratulate president xi. ...

Requested and the president approved while going through the process of documenting, we will not implement increase of tariffs scheduled to go in place 25% to 30%. >> that is correct. that is correct. >> president trump: including the other ones. >> on behalf of -- >> i think we are very close. i think this is an important phase and a lot of things, the agriculture will be completed because when we bring it up to $50 billion, a project that will be the number. i dont know that, there is a questi...

Good as which i disagree with him on that but almost as good as going from a billion dollars and ten to $16 billion, which was their all-time high at $240 billion to $50 billion so we will be up to 40 to $50 billion of agricultural purchases, which means the farmers are going to have to work a lot of overtime to produce that much. that is the largest order in the history of agricultural by far by two and a half times. in technology will have some technology transfer in the agreement. but technol...

Financial services, i think will be covered in its entirety. so the banks and lending institutions, all institutions are covered. some of technology transfer, large part of intellectual property will be covered. so i think it actually works out to be a unique package. and we can focus on phase 2. >> [inaudible] >> president trump: whatever it is. >> [inaudible] >> president trump: only good things and bad things. i think we have a lot of good things right now. >> [inaudible] >> president trump: ...

Transparency into the foreign exchange markets and free markets. we are very pleased with that. >> president trump: weve also made good progress on technology transfer. and we will put some of technology transfer in phase 1. phase 2 will start negotiations almost immediately after we have concluded phase 1. and i think phase 1 should happen pretty quickly. so intellectual property, we have an agreement on intellectual property. financial services, the banks and all of the financial services comp...

>> but we want to provide peace and prosperity for the whole world. it is very, very much peace and prosperity. >> president trump: its beyond the trade deal. rhetoric was getting tough, and we have ships and they have ships and we have planes and they have planes. you know, bad things can happen. stupid things can happen, but this is a great, a great thing that is taking place. we have a very good bonding relationship. and i have very little doubt that we will be able to get this thing finalize...

That weve been able to do and only through simplification but the importance of it, it is very important. technology transfer. so we will have some technology transfer here. some will be in days too. we will be able to include with phase 2 but it may be phase 2, phase three. >> what about a phase 1? you said earlier this week you wanted one big deal. >> president trump: because it is such a big deal. and it covers so much territory. that doing it in sections and phases, i think, is really better...

Phase 1 and then a phase 2, that could make everybody happy but the chinese have bolt since may first, thats the chance for progress play be. >> right, i was hearing from my own sources that, in fact, if president xi was the deal but it was the bureau that pushed back more than he did, is that true? >> no, i think its -- we have a pretty good idea now that the full translation of a document had not been made until sometime in april and a couple of other players got involved who dont know english...

Phase 1 and then a phase 2, that could make everybody happy but the chinese have bolt since may first, thats the chance for progress play be. >> right, i was hearing from my own sources that, in fact, if president xi was the deal but it was the bureau that pushed back more than he did, is that true? >> no, i think its -- we have a pretty good idea now that the full translation of a document had not been made until sometime in april and a couple of other players got involved who dont know english...

Odd choice by the special counsel and by the justice department. just would distract from something very important that weve been waiting since may of 2017 for the special counsels report. we can wait another week. >> trace: yeah. meantime the democrats in congress are playing defense about when this thing comes out. now you have senator richard blumenthal saying if this report is not released publicly and hes quoting here, the public will feel rightly that theres a cover up. on the other side, ...