Trump Folds: Will Cancel New China Tariffs, Offers To Cut Existing Tariffs By 50% In Exchange For Pledges: Report | Zero Hedge

Pledges? China made lots of pledges when it joined WTO 18 years ago.

Pledges that it would open its markets, stop stealing IP, not manipulate its currency.

Not a single pledge was ever kept.

We get bullied, China lies and waits until Trump is out.

Then it’s back to biz as usual.

Trump is a total sellout of epic proportions.

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