By Katie Hettinga
Trump’s fetish for announcing any deal — seemingly without care about the terms in question — have led to yet another embarrassing “deal” with China. Trump agreed to various concessions to China, including tariff cuts and a one-year suspension of trade enforcement actions designed to rebuild the crushed U.S. shipbuilding sector, in exchange for China basically agreeing to resume the status quo ante. This includes kicking the can further down the road on China instead of addressing China’s monopoly on rare earths processing or its mercantilist abuses.
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Originally published in The Economic Populist — a project of the American Economic Liberties Project.