Tags: Donald Trump | Emerging Threats | Financial Markets | prc | foodstuffs | pork | wheat

Fight Bad Faith Now Before China Trade Deal Phase Two

Fight Bad Faith Now Before China Trade Deal Phase Two

U.S. President Donald Trump before signing the Phase I of a trade deal between the U.S. and China, in the East Room at the White House, on Jan. 15, 2020 in Washington, D.C. Phase 1 is expected to cut tariffs and promote Chinese purchases of U.S. farm, and manufactured goods while addressing disputes over intellectual property. (Mark Wilson/Getty)

By
Wednesday, 15 January 2020 02:45 PM Current | Bio | Archive

The US-China Phase I trade deal being signed today bears little resemblance to President Trump’s ambitious agenda for dramatically restructuring bilateral commercial ties, let alone ending Chinese predatory trade practices.

To be sure, the PRC is supposed to buy additional U.S. foodstuffs. But China would likely be purchasing more pork, wheat and other commodities from us anyway given the disease-driven decimation of late of their domestic production.

Mr. Trump is certainly alive to the danger that, as with all of the previous trade deals with the Chinese Communist Party, this one will be violated by Beijing. We can also bet that the Chinese will stonewall any effort to get more — and more enforceable — structural reforms in a "Phase Two" deal. There must be real costs for such bad faith, and notice should be served now in the interest of deterring it later.

Frank Gaffney, Jr. is president of the Center for Security Policy (CSP), a columnist for The Washington Times, and host of the nationally syndicated program, Secure Freedom Radio. Read more reports from Frank Gaffney, Jr. — Click Here Now.

© 2020 Newsmax. All rights reserved.

   
1Like our page
2Share
FrankGaffney
Mr. Trump is certainly alive to the danger that, as with all of the previous trade deals with the Chinese Communist Party, this one will be violated by Beijing.
prc, foodstuffs, pork, wheat, commodities
180
2020-45-15
Wednesday, 15 January 2020 02:45 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved