$200 billion tariffs on China by thursday

Cuddles · Feb 9, 2022

Spike Trader said:
Trump's China trade deal was such a flop -- that the country bought none of the additional exports it promised: economist

Former President Donald Trump was hyping a trade deal he was negotiating with the Chinese government that he said would have obligated China to buy billions worth of American exports.

But Chad P. Brown, an economist at the Peterson Institute for International Economics, has crunched some numbers and has found that Trump's China deal has been a massive bust.

"In the end, China bought only 57 percent of the US exports it had committed to purchase under the agreement, not even enough to reach its import levels from before the trade war," Brown writes. "Put differently, China bought none of the additional $200 billion of exports Trump's deal had promised."

Brown does give Trump credit for coming to some kind of deal with Xi, which he said halted what he described as a "spiraling" trade war between the United States and China.

But that's about where the success of the deal ends.
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athlonmank8 · Feb 9, 2022

Jen Psaki would blame the pandemic. Biden could enforce it but he wont

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$200 billion tariffs on China by thursday

Cuddles

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