The US and China are fighting over trade.
And the fight has escalated to the point that both sides are using a different terminology.
In this episode of the Breitbart News Daily podcast, host Raheem Kassam breaks down the major differences between the US and Chinese definitions of the term trade war.
The term tradewar is actually a misnomer, Kassam says.
It’s actually more like an arms race, he says.
The US is seeking to prevent China from buying a major weapon, and the Chinese are seeking to make sure the US does not buy a major weapons deal.
In the US, there are trade agreements that limit Chinese goods coming into the US.
In China, there’s a new law that’s going to put an end to this.
So, what are the major trade agreements in play in this battle?
For starters, there is a new China-US trade deal.
It will be signed on June 12, 2017, but the terms of that agreement are not public yet.
The deal is called the Regional Comprehensive Economic Partnership (RCEP).
The RCEP deals with trade issues in a number of areas.
It covers issues such as intellectual property, data protection, intellectual property rights, the environment, and financial services.
But it also has provisions to address concerns such as the US having too much influence over Chinese state-owned enterprises, as well as issues related to the security environment.
In other words, the RCEp aims to prevent the US from getting too much of a hand in China’s economic affairs.
This could include issues related both to intellectual property and China’s national security.
The RCE, which has a 10-year extension, expires in 2019.
The RCPAs terms of the agreement are as follows:In other news, the US has threatened to slap a 35 percent tariff on Chinese goods, including aircraft, that it believes are destined for American markets.
The tariffs are expected to be the largest in US history.
In response, China has said it will consider the threat and will take measures to protect US firms and their products.
China has been engaged in a wide-ranging trade war with the US since President Donald Trump took office in January, and that has had an effect on trade relations.
On Friday, the Commerce Department announced a major new trade deal that includes tariffs on Chinese products.
According to The Wall Street Journal, the new deal is expected to have a net trade surplus of $7.3 billion between the two countries.
But the administration says that number is inflated because the trade deals will have to be approved by Congress.
In other words: There’s not a lot of margin for error on the deal.
The Trump administration has also threatened to take retaliatory measures against the US over its alleged role in the September 11, 2001 terrorist attacks on the World Trade Center.
The Trump administration is currently seeking to withdraw the US government’s designation of China as a currency manipulator, which would result in a loss of $200 billion in foreign direct investment (FDI) for the United States.
In the Trump administration’s latest statement, the administration argued that the U.S. was acting as a “rogue foreign power” and that China had played a role in 9/11.
In its latest press release, the Trump Administration reiterated that China was not involved in the attacks.
China and the US are also engaged in an ongoing war of words over North Korea.
The two countries have fought over North Korean nuclear weapons.
On Thursday, the two nations said they had reached a deal to remove the threat of sanctions on North Korea and the nuclear-armed country’s leader Kim Jong Un.