Trump signs trade agreement with China after 18-month trade war
Some skeptical of the deal
Last updated 1/16/2020 at 11:49am
After an 18-month trade war and escalating tariffs, President Donald Trump Wednesday signed a trade agreement with China, the first phase of agreements he said will reform China’s policy and benefit U.S. trade.
“From day one, my administration has fought tirelessly to achieve a level playing field for the American worker,” Trump is quoted in a release from the White House.
But some are skeptical of the deal, with some economists saying it leaves in place tariffs, doesn’t address many issues and lacks export diversification.
The deal includes China promising to buy $40 billion to...