U.S. and China Announce Trade Deal
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U.S. and China Announce Trade Deal
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Yesterday, the United States and China announced in a joint resolution that they have reached a trade agreement. As a result of this agreement, tariffs have been lower. Are we witnessing the end of the trade war between President Trump and the CCP.Ā
From Fox Business. The U.S. and China announced on Monday thatĀ tariffs against one anotherĀ will be reduced for a 90-day period after officials held trade negotiations in Geneva, Switzerland.
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The tariffs PresidentĀ Donald Trump announced against China on April 2 are being cut by 24 percentage points for this temporary period while retaining the remaining ad valorem rate of 10% from that announcement, according to a joint statement. …
Under the deal, reciprocal tariffs for both countries would be reduced by 115%. The U.S. will temporarily lower itsĀ tariffs on Chinese goodsĀ from 145% to 30%, and China will reduce its levies on American products from 125% to 10%.
Both the U.S. and China agreed to take the aforementioned actions by Wednesday. …
The two sides also agreed to “establish a mechanism” to continue discussions about economic and trade relations, which will be led by Chinese Vice Premier He Lifeng, U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer, according to the joint statement. …
What do you think of this trade deal? Share your thoughts and prayers below.
(Excerpt from Fox Business. Photo Credit: Kremlin.ru, CC BY 4.0, https://commons.wikimedia.org/w/index.php?curid=103196989 and Official White House Photo by Molly Riley)
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Dear God, We pray for the trade deal. We pray specifically for the fall of the Chinese Communist regime. Please anoint President Trump with Faith, Courage, and Wisdom. Strengthen him to stand boldly against tyranny and deceit. Guide him to confront injustice and end unfair trade that empowers oppression. May his leadership help dismantle system of control and bring light where darkness has ruled. Let freedom flourish in the world. In Jesus name. Amen
May Godās will be done. I trust God will guide all who are involved in these negotiations.
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DEAR LORD GOD
PLEAS GRANT OUR LEADERS AND ELECTED OFFICIALS THE WISDOM AND KNOWLEDGE TO FOLLOW YOUR WILL IN ALL THINGS LET THE WORLD COME TO YOUR UNDERSTANDING AND NESTLE US ALL UNDER YOUR WING.
I ASK IN JESUSā NAME
AMEN
Thank You God for your divine wisdom and guidance.
I can only hope and pray that this trade deal will be honored by the CCP. For far too long, we have been ripped off and taken advantage by the CCP. . I pray, Lord Jesus, for Your will to be done with this trade deal. May it extend well beyond the 90 day period that it is currently in place for. Thank You Jesus.
Father I thank you for the audacity of President Trump to take on China! Thank you that he sees the intense global harm they are doing with these profits. I pray that You will disrupt the CCP’s plans of foreign domination, I bind and break the Belt Road Initiative and call it to it’s end. I pray that every one of these countries who have fallen prey to China would be able to repay them and not be beholden to them any longer. I pray for a way forward in the China Sea and Tawain as the world is so dependent on chips and chip manufacturing. Father in heaven, I thank you for hearing our prayers and putting President Trump in this position for such a time as this.
I agree, Sarah!
Thank you, Lord, for Pres. Trump’s bold move. We just didn’t know where this would lead. We pray, Lord, that all peoples of the world would receive fair trade agreements so goods are affordable for all peoples. In Jesus’ Name. Amen.
I agree, Allena!
Thank you Lord for giving our leaders wisdom. Thank you for showing them what to do and how to handle China. We thank you for bringing this trade war to an end swiftly . We pray for revival in China and an end to communism so that the people can freely serve and worship you.