Wednesday, January 15, 2020

Trump's 'Phase One' Trade Deal With China Won't Stop Trade Wars From Being the New Normal

https://time.com/5764359/phase-one-us-china-trade-deal-war/


And so while a truce in the trade war suits both sides at the moment, it won’t be long before that political calculation changes. The U.S. is still demanding that China reforms its state-dominated economy despite many of the subsidies Beijing provides firms also offered by the U.S. Amazon, for example, was offered $3 billion in tax breaks and other incentives to relocate to New York City before the deal collapsed.
 

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