Trump's trade deal with China looks designed to implode - Business Insider

President Donald Trump holds the signed a trade agreement with Chinese Vice Premier Liu He, in the East Room of the White House, Wednesday, Jan. 15, 2020, in WashingtonThe language in the deal leaves a lot of room for argument, it's not hard to leave and, the enforcement mechanism turns every dispute into a game of political football.

And, since Democrats aren't on board with the deal, there's little incentive to stay if the political winds change. There are all kinds of squishy words to fight about in this document. Parties are supposed to ensure "expeditious enforcement of any fine, penalty, payment of monetary damages, injunction, or other remedy for a violation of an intellectual property right ordered in a final judgment by its own court." But what "expeditious" actually means remains unclear.

Even stranger, according to Bown, is that this deal does not take disputes to an overarching enforcement body. Enforcement is left to the office of the US Trade Representative, which then undertakes an up to 90-day adjudication and discussion process with its Chinese counterparts to try to resolve the conflict.

By putting judgement and enforcement in the hands of the two countries instead of a third party , Trump has ensured that every single dispute is a game of political football between the two nations. Each one of those disputes will become a pressure point that could move one country to leave the deal.It's clear the administration took pains to make sure this deal would not have to be signed into law.

Trump's avoidance of Congress is a way of avoiding having a discussion about how trade deals should be done at all too. Wednesday's signing ceremony was attended by White House officials, Republicans, the Chinese delegation, big corporations and Trump's friends and family. That's who had a seat at the table while this deal was being done.

lopezlinette What Trump endeavor hasn’t imploded?

lopezlinette Everyone, but especially farmers and factory workers, must ask themselves “Am I better off?”

lopezlinette You must be a palm-reading leftwing typist.

lopezlinette Eat shit

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The new US-China trade deal could help US payments firms enter China - Business InsiderThe agreement between the US and China should speed up Beijing's process for accepting US payments firms' applications to operate in China:
Source: BusinessInsider - 🏆 729. / 51 Read more »

Travelers from Wuhan, China, screened for new virus at US airports - Business InsiderThe World Health Organization says that considering global travel patterns, 'additional cases in other countries are likely.' manpath
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump has 'enabled' autocrats like Putin to become presidents for life - Business InsiderTrump's tendency to coddle dictators has 'emboldened' them and exacerbated attacks on democracy worldwide, experts warn amid a week in which Russian President Vladimir Putin is seemingly taking steps toward becoming president for life. these two are the worlds real leaders of terror and embezzlement I Blame Russian,With what Putin is Doing,he's helping Trump,he's planning on doing the same,with the help of Putin
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump asks US allies for help with Iran, but they've abandoned him - Business InsiderTrump has spent much of his presidency insulting NATO allies and went against the UK, France, and Germany in withdrawing the US from the nuclear deal. What a surprise olivieytruliey Anyone with a brain would abandon Trump. Asking other nations to pull their weight is somehow a negative thing. Calling out nations on hypocrisy needed to get done by the way.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump complains about impeachment in rant to LSU team - Business InsiderTrump told the LSU football team that though there have been bad presidents they've got a 'good' one at the moment, adding, 'even though they are trying to impeach the son of a b----.'”
Source: BusinessInsider - 🏆 729. / 51 Read more »

US allies response to Trump Iran attack shows him alone on world stage - Business InsiderEuropean leaders are talking openly about loosening Europe's alliance with the United States as President Donald Trump alienates long-standing allies. Follow our lead planet earth. It’s the only way you’ll prosper. Freedom wins. Ya ok 👌 I’m abandoning this garbage fake news !
Source: BusinessInsider - 🏆 729. / 51 Read more »