The Incredible Shrinking U.S.-China Trade Deal

President Donald Trump listens as Chinese Vice Premier Liu He speaks during a press conference at the White House, in Washington, Jan. 15, 2020 (SIPA photo by Oliver Contreras via AP Images).
President Donald Trump listens as Chinese Vice Premier Liu He speaks during a press conference at the White House, in Washington, Jan. 15, 2020 (SIPA photo by Oliver Contreras via AP Images).

Two weeks after it was signed, President Donald Trump’s phase-one trade deal with China, which the White House typically hyped as a “landmark” and “historic agreement,” is looking more suspect. There were always questions about what was left out of the deal—especially industrial subsidies in China and continued tariffs on hundreds of billions of dollars in imports from China. But now there is growing skepticism about the value of what is actually in the deal. What happened to the $40 billion to $50 billion in additional sales that Trump promised American farmers? Can Beijing really deliver on its commitment to […]

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