Trump’s US Trade Representative provides a fact sheet and more detail on the first stage of the deal announced December 13 to address the administration’s trade war with China. The fact sheet previews an eventual 86 page legal agreement that would include additional Chinese commitments on intellectual property rights protection, technology transfer, agriculture, financial services, currency, dispute resolution, and expanding trade. Bown and Keynes also discuss what the Trump administration has agreed to do with all of the new tariffs it has imposed on China, as well as what is not in the phase one deal.
- Soumaya Keynes. 2019. America and China reach a “phase one” trade deal. The Economist, 14 December.
- Chad P. Bown, 2019. Phase One China Deal: Steep Tariffs Are the New Normal. Peterson Institute for International Economics Trade and Investment Policy Watch Blog, 19 December.
- Chad P. Bown. 2019. US-China Trade War Tariffs: An Up-to-Date Chart. Peterson Institute for International Economics, 19 December.