Trump says the phase 1 China trade deal is the "biggest ever", is this true?? Another lie, stuffed with a teeney weene truth?
Alan Deardorff, a University of Michigan professor of international economics who focuses on trade, said it is smaller than both the Trans-Pacific Partnership and the Uruguay Round that created the World Trade Organization in terms of the volume of trade they cover. Gary Clyde Hufbauer, a nonresident senior fellow at the Peterson Institute for International Economics, said that George W. Bush granting China the status of permanent normal trade relations in 2001 was “far bigger” than Trump’s China deal, covering a far greater number of subjects (tariffs, non-tariff barriers, investment and others).
- Godless GazooLv 72 months ago
Just based on the amount of trade we do with China now as opposed to the amount when the other things were signed I know you are full of crap.