Trump Signs China Trade Deal That Larry Kudlow Says Could Boost GDP .5% While Pelosi’s Impeachment Flounders

While House Speaker Nancy Pelosi (D-CA) held on to impeachment articles for a month, President Donald J. Trump has brought China to the United States to sign phase one of the trade deal between China and the US. Pelosi and some of her impeachment managers, Adam Schiff (D-CA) and Jerry Nadler (D-NY) are still justifying their actions in the House to impeach President Trump this morning in a press conference announcing the House managers for the Senate hearings on impeachment. “Impeached for life” as Pelosi put it in the press conference.

The House is scheduled to hold a vote to transmit the articles of impeachment to the Senate later today. The impeachment now moves to the Senate where most likely President Trump will be acquitted or the case will be dismissed.

Impeachment has not phased Trump. This morning Larry Kudlow, director of the National Economic Council, went on CNBC and touted this phase of the trade deal. Phase one could boost the GDP by half a percent, which is no small feat. See the full interview below:

Washington Examiner reported:

The White House has claimed that “phase one” covered many of the trade disputes that originally led the Trump administration and many in Congress to favor a confrontation with China, such as financial services, currency manipulation, intellectual property rights, and forced transfers of technology, among other subjects. The fine print of the deal is set to be made public today following the signing, according to White House officials.

China is expected to purchase between $40-$50 billion in U.S. farm goods. White House economic adviser Larry Kudlow said Wednesday that China would also buy $40 billion in services, $50 billion in energy products, and between $75 billion to $80 billion worth of manufacturing goods.

“A number of regulatory changes are being made [in China],” Kudlow said. “There are a number of very important reforms in here that can be easily monitored.”

Reactions from Twitter below:

President Trump said he would negotiate a better trade deal with China and democrats tried to smear him and say it couldn’t happen.

President Trump is about to sign phase one of China trade deal live on TV.

Suck it, liberals.

— Kambree Kawahine Koa – Text EMPOWER to 88022 (@KamVTV) January 15, 2020

#ChIna doing much more in phase one that anyone thought possible, according to @POTUS. #ChinaTradeDeal

— Steve Herman (@W7VOA) January 15, 2020

.@realdonalTrummp sings @LouDobbs praises for saying he’s a better president than George Washington and Abraham Lincoln. pic.twitter.com/HGKzslg6aK

— MRCTV.org (@mrctv) January 15, 2020

Trump was elated to be signing this significant phase one of the trade deal with China. Trump spoke about the deal for over thirty minutes, mentioning that they, Us and China, are now moving on to phase two. Clearly, impeachment is not slowing him down. Lou Dobbs, who was in attendance for the signing, also Tweeted his support for the phase one deal with the hashtags #MAGA #AmericaFirst.

Huge ceremony signing ceremony at the White House this morning, huge win for ⁦@realDonaldTrump⁩ and both countries. #MAGA #AmericaFirst #Dobbs https://t.co/cVjyDkmTEO

— Lou Dobbs (@LouDobbs) January 15, 2020

Vice President Mike Pence, Secretary of the Treasury Steven Mnuchin, and US Trade Representative Robert Lighthizer all spoke before the historic signing. China sent vice-premier Liu He to sign phase one for China. To see the whole event see video below: