Successful Farming, Chuck Abbott, 2/9/2021
“The Trump administration’s “phase one” trade agreement with China alienated U.S. allies while failing to deliver on its promises of mammoth purchases by Beijing, wrote trade policy expert Chad Bown on Monday in calling for a new approach. “Only a group of countries working together and sharing the burden will be able to make progress with China,” said Bown in a Peterson Institute for International Economics blog.”
“’The lesson from year one of the U.S.-China agreement is that purchase commitments did not work,’ said Bown. …”