The Conservative Treehouse posted an article yesterday about the signing of the first phase of the trade deal with China.
The article notes:
U.S. Treasury Secretary Steven Mnuchin appears on FOX Business to discuss the U.S-China ‘phase-one’ trade agreement, the benefits, enforcement mechanisms and retention of tariffs and particular sanctions until compliance can be reviewed.
Phase-1 establishes the baselines; resets the ability of U.S. companies to enter China; establishes rules for market entry; and sets the parameters for enforcement. Any future phase is contingent upon evaluation of phase-one enforcement mechanisms.
The article includes the following video:
The important aspect of this agreement is that no future agreements will be made until the rules of this agreement are complied with. China has been a dishonest trade partner for years and has been largely responsible for the decline of manufacturing in America. Phase-1 of the trade agreement with China is the first step in reversing this trend.