Trump signed an agreement that helps calm relations but fails to address issues at the heart of the trade war.
Trump’s China deal:
-China agrees to buy $50B of ag products this year.
-That's a gain of $29B from before Trump tariffs.
-Trump tariffs have cost U.S. farmers $11B.
-U.S. taxpayers have spent $28B on emergency payouts to farmers.
-So loss to U.S. is $39B.
You do the math.
— Robert Reich (@RBReich) January 15, 2020
🚨 BREAKING 🚨 President Trump just signed the Phase One Trade Agreement!
China has taken advantage of the US for years. President Trump stood up for Americans and fought for the fairness our workers deserve.
— Kevin McCarthy (@GOPLeader) January 15, 2020