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Trump busted taking credit for trade deal that China proposed over two years ago

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In the midst of a terrible few weeks of scandals and bad news, President Donald Trump managed to announce a piece of good news for his agenda: his administration has tentatively announced a partial resolution to the trade war with China, in which the nation will make a large purchase of U.S. exports and Trump will agree to reduce some tariffs on Chinese goods.

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The deal will likely calm down unstable markets, and reduce the risk of a recession in 2020. But even now, according to Shawn Donnan in Bloomberg, experts remain unconvinced this deal will fix Trump’s trade problems — or that it is even a sign that he is getting what he wants at all.

“The surge in Chinese purchases of U.S. farm products that is the biggest win for Trump in the agreement unveiled Friday is one that was first offered by Beijing more than two years ago,” wrote Donnan. “It will be accompanied by unspecified commitments on intellectual property and currency and will go some way to repairing the damage done to U.S. agriculture since tit-for-tat tariffs began more than 18 months ago.”

“But even if it gels in the way that Trump outlined Friday, the agreement is far smaller in scope than what the president himself once envisioned, or what was on the table when talks broke down in May,” added Donnan. “It also leaves major questions hanging in the wind amid a broader relationship showing plenty of signs of souring — ranging from the Chinese furor over an NBA executive’s backing for the growing protests in Hong Kong to the administration’s invocation for the first time this week of human rights to crack down on Chinese tech companies and visas for officials.”

“This deal hardly resolves any of the major underlying sources of trade and economic frictions between the two countries,” said former IMF China expert Eswar Prasad.

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The bottom line is that the deal is potentially a win for Trump and for the nation — but there remain a number of unanswered questions and conflicts that have yet to be resolved.


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Trump official busted inflating her resume to comical proportions — including phony Time magazine cover

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A senior State Department official has been caught falsifying her qualifications -- and even created a phony Time magazine cover with her own face on it.

Mina Chang, the deputy assistant secretary in the State Department's Bureau of Conflict and Stability Operations, falsely claimed to be a Harvard graduate and inflated the scope of her nonprofit organization's work, reported NBC News.

Chang, who joined the State Department in April, was connected to the administration by Brian Bulatao, a top official in the State Department and longtime friend of Secretary of State Mike Pompeo.

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Trump discussed WikiLeaks dumps with Roger Stone — and bragged more were coming: Rick Gates

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A key witness in Roger Stone's trial gave a first-hand account of President Donald Trump discussing WikiLeaks dumps with Roger Stone.

Rick Gates, who served as Trump's deputy campaign chairman and is a longtime associate of the imprisoned Paul Manafort, testified Tuesday that he heard the Republican nominee discuss WikiLeaks disclosures of stolen emails with Stone in a phone call during a car ride.

Stone, a longtime Trump associate and GOP operative, is standing trial on charges of obstructing justice, witness tampering and lying to the U.S. House of Representatives Intelligence Committee as part of the probe of Russian interference in the election.

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New Republican impeachment strategy goes down in flames before first witness is called

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Republicans this week released a set of talking points on Ukraine that have already been refuted although the first impeachment hearing isn't until Wednesday.

According to Bloomberg, the talking points were distributed by Republican staffers on the House Intelligence Committee.

The July 25 summary of the call between Trump and Ukraine President Volodymyr Zelenskiy “shows no conditionality or evidence of pressure.”Both Zelenskiy and Trump have said there was no pressure on the call.The Ukraine government was not aware of a hold on U.S. security assistance at the time of the July 25 call.Trump met with Zelenskiy, although not in the Oval Office, and U.S. security assistance flowed to Ukraine in September 2019 -- both of which occurred without Ukraine investigating Trump’s political rivals.

Democrats contend that the call record shows that President Donald Trump did ask Ukraine President Volodymyr Zelensky for a quid pro quo when he suggested that military aid would flow after Ukraine did a "favor" by investigating former Vice President Joe Biden and his son.

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