”A White House ceremony cannot hide the stark truth about China`s ”Phase 1″ trade agreement: the agreement does absolutely nothing to reduce China`s subsidies to its manufacturers,” Scott Paul, president of the Alliance for American Manufacturing, which includes manufacturers and the United Steelworkers union, said in a tweet. All these ”forgotten men and women” in American factories have once again been forgotten. To be clear, Chinese leaders bear full responsibility for their ruthless nationalist action along their periphery and their brutal repression in their own country. However, Beijing`s decisions to move in its current direction were made by its confidence in Trump`s narrow focus on trade and its interest in not letting other issues hinder the conclusion of an agreement or derail the implementation of the agreement. ”We also need to be sure that the text of the agreement is the same in the Chinese and English versions – history has shown that differences become easy loopholes to exploit,” said Ker Gibbs, president of the U.S. Chamber of Commerce in Shanghai. In a Reuters article in March 2019, the European Union shared many of the Trump administration`s similar complaints about China`s technology transfer policy and market access restrictions, and also said that European diplomats and officials recognized support for Trump`s goals, even if they disagreed with his tactics. [293] But these victories have a high price. Uncertainty created by Trump`s customs threats and trade approaches has weighed on the economy, raised business and consumer prices, delayed business investment and slowed growth around the world. Companies with China`s commitment such as Deere-Company and Caterpillar have laid off some workers and reduced revenue expectations, in part by referring to the trade war. As a candidate in 2016, Donald Trump has built his pro-presidential argument around his alleged insight as a dealmaker.

On the eve of the 2020 election, President Trump and his deputies are doubling that claim, including pointing to what he called the ”biggest deal of all time”: the phase one trade deal with China. The agreement outlines a commitment by China to purchase an additional $200 billion of U.S. products by the end of 2021, above the 2017 level. It may be a relief: polls show that most Americans agree with the president that China is acting unfairly, but they generally support free trade and oppose tariffs. In fact, in 2018, Republicans lost several seats in Congress, a change that economists have associated with the trade war. Domestic coverage of the trade war is censored in China. While news agencies are allowed to cover the conflict, their reports are subject to restrictions; The South China Morning Post reported that Chinese media employees were ordered not to ”overestimate” the trade war,[263] while a New York Times article reported that state news agencies had tried to promote the official line, with the authorities limiting the use of the term ”trade war.” [260] Social media posts about the conflict are also subject to censorship. [264] [265] When Trump took office, he tried to directly involve Beijing in order to dispel structural concerns about China`s economic policy. Just three months after his term, he met in Mar-a-Largo with Chinese President X-Jenpéng, where they agreed to draw up a 100-day action plan to address trade differences. The following month, China agreed to (slightly) open its economy to U.S.

businesses and services in exchange for better Chinese access to bilateral trade and U.S. recognition of China`s Belt and Road initiative. But the follow-up negotiations disappeared when Washington pushed Beijing to make further concessions and Beijing rejected U.S. pressure.