Trump's trade deal with China left out some of the very issues that started the tariff war - Business Insider

President Donald Trump hailed the easing of trade tensions with China as the "biggest deal there is anywhere in the world." But it failed to address some of economic issues at the heart of the bitter dispute, raising questions about whether it was worth nearly two years of bruising tariffs.

In the 94-page text of the phase-one agreement released following a signing ceremony Wednesday, there were several concessions from China that the White House could tout ahead of the election in November. Those included stronger protections for patents and intellectual property, a pledge to increase purchases of American products by $200 billion, and more room for foreign companies to gain access to the financial sector in the state-run economy.

Yet commitments on industrial subsidies and other structural issues the Trump administration has long promised to address were conspicuously absent from the phase-one agreement. The tit-for-tat tariff fight began in early 2017 after a Section 301 investigation found that China was guilty of economic aggression.

Even administration officials have at times offered a less ambitious assessment of the phase-one deal than the president, noting that it was never meant to be comprehensive and pointing to a fresh round of negotiations that is expected to take place soon. CBS in December. "Did we expect it to? No. Absolutely not. It really is a remarkable agreement, but it's not going to solve all the problems.

Taxpayers 1. paying 40-50 M in taxpayer money to farmers 2. have to pay more of their money on tariff products 3. big corps lost 46 M last year because of tariffs so many taxpayers would have lost jobs. Good job Mr. President realDonaldTrump

It was always smoke and mirrors, with a side order of kickbacks for a special few !

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

US-China trade deal: Tech cold war will rage on, according to experts - Business InsiderThe US and China's tech cold war is far from over, even with Trump's trade deal. Here's why tech companies will remain on the front lines of the trans-Pacific rivalry.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump lashes out at Apple for refusing to help FBI unlock iPhones - Business InsiderPresident Trump lashes out at Apple for refusing to help the FBI unlock a shooter's iPhones: 'They will have to step up to the plate and help our great Country, NOW!' Or what, blowhard? We all know Trump accidentally locked himself out of his own phone and he's blaming Tim Apple. I'm sure his face recognition mistook him for a rotting pumpkin again. Apple doesn’t have to unlock a thing...
Source: BusinessInsider - 🏆 729. / 51 Read more »

Iran criticises Boris Johnson for backing Trump over nuclear deal - Business InsiderJohnson said that world leaders should replace the current Iran nuclear deal, which took nearly a decade to secure, with a 'Trump deal.' Politicsinsider Take the JCPOA, rebrand it 'Trump's, and definitely not Obama's, tremendous Iran nuclear bestdeal,' ratify. Simples. BorisJohnson Iran needs you to decipher to their understanding
Source: BusinessInsider - 🏆 729. / 51 Read more »

Apple readies legal fight with DOJ over unlocking iPhones, as Trump slams firm - Business InsiderApple is reportedly gearing up to defy Trump and the DOJ in court to avoid unlocking the Florida shooter's 2 iPhones A zillion people who know how to unlock an iPhone. Why is the DOJ wasting money and time? Apple will win again. The guy is dead. His privacy is no longer an issue.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trade deal touts financial sector wins; China to scrap securities business cap fasterLong-awaited U.S.-China trade deal touts financial sector wins; China to scrap securities business cap faster by michelleprice36 sumeet_chat michelleprice36 sumeet_chat Yet another Trump deflection michelleprice36 sumeet_chat Thats another war lost by the US. Throw it to the list! michelleprice36 sumeet_chat No one cares or believes the lies Reuter’s. Do better.
Source: Reuters - 🏆 2. / 97 Read more »