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US-China trade deal has left out a lot

AP/Washington
Filed on December 14, 2019 | Last updated on December 14, 2019 at 09.38 pm
US-China, trade deal, Trump administration, Beijing, President Donald Trump
US President Donald Trump.-AP file photo

Further rounds of negotiations will be required to achieve a more significant agreement.

The limited trade deal that the Trump administration and Beijing announced on Friday means Americans will avoid a holiday tax increase on imported toys, clothing and smartphones. US farmers can sell more soybeans and meat to China. And American companies should face less pressure to hand over trade secrets to Beijing.

But what the administration gained from the so-called Phase 1 deal that President Donald Trump celebrated falls well short of the demands the president issued when he launched a trade war against Beijing 17 months ago. Further rounds of negotiations will be required to achieve a more significant agreement.


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