It's more like the art of the steal ... OPINION
OK, let’s assume that something deserving the name “U.S.-China trade deal” has been reached — even one dubbed “Phase One” or “preliminary.” Deep doubts would remain justified about whether it can possibly serve American interests.
No specifics Why does this statement contain plenty of specifics about U.S. tariff reductions but no specifics about China’s own pledges? Structural reforms So maybe since these terms are still being left so vague, it shouldn’t be surprising that there’s absolutely nothing from the administration so far about “structural reforms and other changes to China’s economic and trade regime in the areas of intellectual property, technology transfer, agriculture, financial services, and currency and foreign exchange.”
In particular, if the United States doesn’t insist on the last word in judging Chinese compliance and meting out punishment when agreement terms are broken, then this deal will work no better on behalf of U.S.-based producers than previous arrangements under the World Trade Organization and the old North American Free Trade Agreement that pleased only the corporate Offshoring Lobby, its hired guns in Washington, D.C.
And even before the congressional Democrats’ efforts to remove him from office began bogging down, their party’s slate of presidential candidates had started looking so weak to so many in Democratic ranks that a gaggle of newcomers jumped into the primary campaign on stunningly short notice. That’s one way to eliminate any uncertainty employers are feeling about doing business with China that will increase the odds of building a new, improved bilateral relationship — not restore its epically failed predecessor.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Trump announces phase-one China trade deal, calls off Dec. 15 tariffsPresident Donald Trump said Friday the U.S. and China have agreed to a phase-one trade deal, and announced tariffs scheduled for Dec. 15 on Chinese goods...
Lire la suite »
S&P 500 jumps to record as US and China get set to finalize 'phase one' trade dealIt was a wild day on Wall Street, as stocks jumped on news that the U.S. and China have agreed to a phase 1 trade deal in principle. The S&P 500 and Nasdaq notched new records, gaining 0.9% and 0.7% respectively. The Dow gained 0.8%.
Lire la suite »
Trump Signs Phase One China Trade Deal, Avoiding Brutal December TariffsThe long-awaited phase one trade deal has finally happened.
Lire la suite »
Trade deal removes major hurdle for rally in Apple and techU.S. President Donald Trump's limited trade deal with China removes a major...
Lire la suite »
Trump Signs Phase One China Trade Deal, Avoiding Brutal December Tariffs[Update] Trump signs phase 1 China trade deal, avoiding brutal December tariffs
Lire la suite »
China says it is committed to resolving issues in trade deal with U.S.China's Foreign Ministry, when asked about the trade deal with the United S...
Lire la suite »