Trump negotiated a bad China deal. It has expired -- yet perplexingly, Biden isn't abandoning it

Among the abject failures of U.S. foreign policy in recent years, a notable one is the so-called U.S.-China Phase One trade deal, which quietly expired on the last day of 2021. Perplexingly, it appears the new administration is still trying to convince China to meet its commitments even though the flawed deal has expired.

It was not structured to yield the massive structural changes needed in China’s trading posture with the U.S. and the world, nor in its economic model. In fact, China was given the luxury of reaffirming prior commitments such as intellectual property and forced technology transfer, of which China in the end barely met 60% overall.

With all the initial hype around the deal by the Trump administration and the Biden administration’s subsequent embrace of the deal, why did neither Trump nor Biden enforce it? Because the deal contained no real mechanism for enforcement and China held all the leverage. One year in, the Biden administration remains unable to articulate a coherent China policy and its trade policy is hamstrung by U.S. political dynamics. Only recently have U.S. Trade Representative Katherine Tai and others in the current administration mentioned holding China to the deal.

The only way that the U.S. can emerge from this situation with grace and gain leverage with China and other trading partners is by having an actual global trade strategy.

biden doesn't even know what he wore today, to think he'd even be aware of who the leader of china is, is a stretch.

Trump had the right idea. It was a stepping stone to further and better agreements. You gotta start somewhere. Biden can’t hold a knowledgeable conversation so of course he can’t build on what was started and it’s all falling apart because of it.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

President Joe Biden closes in on one year in officePresident Joe Biden came to office seeing two sicknesses in his country. Neither has abated a year later. The fake office they build on a stage with fake windows. Ha
Source: fox13 - 🏆 550. / 51 Read more »

Obamacare Enrollment Hits Record High After Biden Makes Post-Trump Tweaks to Health Insurance ProgramExperts noted that while former President Donald Trump tried to gut Obamacare, President Joe Biden has been a cheerleader for the health insurance law.
Source: nbcchicago - 🏆 545. / 51 Read more »

Biden made 210 more executive actions than Trump on immigration in his first year: Report'Given this pace of activity, why does the perception exist that the Biden administration has done little on immigration?' the Migration Policy Institute said. He has done nothing to control legal immigration. He has done a lot to encourage illegal immigration.
Source: Newsweek - 🏆 468. / 52 Read more »

Biden administration in court to defend controversial Trump-era border policy barring asylum seekersThe Biden administration will be in court Wednesday defending the use of a controversial Trump-era policy that's resulted in more than 1 million expulsions of migrants arrested at the US-Mexico border.
Source: CNN - 🏆 4. / 95 Read more »

China says it warned away U.S. warship in South China SeaChinese forces followed and warned away a U.S. warship which entered waters near the Paracel Islands in the South China Sea, the country's military said on Thursday, in the latest uptick in tensions in the disputed waterway. China Doesn't Own The South Sea Posturing….governments are such childish dicks sometimes Asian countries are only fooled by the west to take territories that belongs to China and is said to belong to Asian countries
Source: Reuters - 🏆 2. / 97 Read more »

China says it warned away U.S. warship in South China Sea, U.S. deniesChinese forces followed and warned away a U.S. warship which entered waters near the Paracel Islands in the South China Sea, the country's military said on Thursday, but the U.S. Navy denied the ship had been warned off.
Source: Reuters - 🏆 2. / 97 Read more »