A Promise of Stability
The USMCA trade deal offers relief from economic uncertainty.
By Minxin Pei, The Strategist (ASPI): "China’s strongman leader can’t seem to catch a break. From the trade war with the United States to the crisis in Hong Kong to international criticism of his human rights record, President Xi Jinping suffered major setbacks in 2019, and his prospects for 2020 appear even worse."
Claude Barfield | AEIdeas
While President Trump touted the "phase one" trade agreement with China as a triumph, in reality it represents a victory for China and its hard-liners. The limited deal signals that the Trump administration has given up on the legitimate demands made over the past three years for changes to Chinese protectionist and mercantilist behaviors. This result introduces the dangerous possibility that the Chinese learn that no US president will persevere in a struggle for Chinese structural reform.