Trump promises farmers that China trade deal to be good for them


Crude oil prices slightly rose Friday as sluggish economic growth in China, the world's biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal, Kallanish Energy reports.

The Republican president wants another term in office and is seeking to shore up support among his base, including farmers. The U.S. Environmental Protection Agency and the Department of the Army announced in September a repeal of the 2015 rule.

Trump signed the deal with China on Wednesday, two years after his administration placed tariffs on some Chinese imports, spurring China to put a 170% tariff on sorghum as a countermove. The Senate approved the deal, which is a rewrite of the North American Free Trade Agreement, on Thursday.

The American Coalition for Ethanol said the new agreement solidifies a multi-billion-dollar export market while providing more stable market access to farmers and instilling confidence in other nations that the a reliable partner. The government planned the new agreement to return part of its factory production to the United States, primarily for automobiles.

Trump repeatedly has blamed NAFTA for US job losses brought about when American factories moved production to Mexico to take advantage of low-wage labor.

US' Trade Representative, Robert Lighthizer said that US must take a strong defensive action in order to protect its leadership in both technology and in innovation from the threat that is imposed to it by China's theft of their intellectual property.

Trump said in Austin that USA farmers will also benefit under USMCA, which he said will "massively boost exports" for farmers, ranchers, growers from "North to South" and "from sea to shining sea".

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They have already won the Club World Cup this year but also remain the hunt for the FA Cup and the Champions League . At that time, United was also just under £ 100m ahead of Liverpool.

"What do I get out of it?"

Earlier House Speaker Nancy Pelosi said that Trump will "be impeached forever" regardless of the verdict.

Trump, however, made no mention of Democratic frontrunner Joe Biden, the former vice president.

On impeachment, Trump said: "We're achieving what no administration has ever achieved before", Trump said. I get impeached, that's what I get - by these radical Left lunatics.

The high-profile Senate impeachment trial against the President is set to begin but the exact schedule is yet to be confirmed.

"Without more concrete details, we are deeply concerned that all of this pain may not have been worth it", the National Farmers Union, which represents nearly 200,000 American farmers, said in a statement.