U.S. Softening Demands to Reach Trade Agreement
PHILADELPHIA—With light at the end of the tunnel to reach a trade deal with China, nationally syndicated host and biblical stewardship authority Dan Celia exhorts the U.S. to soften certain demands if it means turning this page for the American and global economy.
“It looks like we’re kicking off our week with a bit of optimism coming out of Asia, likely across the Eurozone and here in America as well,” Celia said. “And this would be over U.S.-China trade talks as they seem to be progressing. Negotiators have said about 90% of the trade deal is resolved, and it’s the last 10% that is the stumbling block. We have been seeing some compromise and more pecking away at that stumbling block. It looks like U.S. negotiators have softened demands that China curb industrial subsidies as a condition for a trade deal. This trade deal has been going on for nine months, and it hasn’t been good for either country. Both countries have lost billions and billions of dollars. The idea of the U.S. softening their demands against China and subsidies of their industry I think is a good thing.
“We need to get this behind us and move on,” Celia added. “We will see a lot of framing of this trade deal in a very positive way for the U.S., but the fact of the matter is we’re back to where we were nine months ago, and it makes you wonder about this whole trade war to begin with. I would suspect that these industrial subsidies will likely come back with a vengeance once a deal is done, since there’s a lot of ground to make up. Nonetheless, I’m glad we’re a bit closer to it being over so we can move on to the Eurozone economic news. This week, we’ve got some important industrial production numbers coming out, as well as housing numbers, homebuilder index, retail sales, retail sales, ex autos and, of course, housing starts and building permits. From an economic numbers standpoint, it looks like it’s going to be all about housing and trade this week.”
Celia discusses these and other global and economic headlines on his daily, three-hour program, “Financial Issues,” heard on about 650 television and radio stations nationwide and reaching millions more on several television networks. Through the program, writing and daily interactions, Celia, who leads Financial Issues Stewardship Ministries (FISM, www.FinancialIssues.org), has helped people of faith honor God with their finances and be free from a fear of money.
Read more about Celia, FISM and “Financial Issues” or visit the FISM website, its Facebook page, on YouTube at Financial Issues with Dan Celia or on Twitter @financialissues; download the FISM app here.
To interview Dan Celia of Financial Issues Stewardship Ministries, contact Media@HamiltonStrategies.com, Patrick Benner, 610.584.1096, ext. 104, or ext. 102.