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Whatever Happened to Trump’s Big China Deal?
Manage episode 365981914 series 3484042
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Donald Trump makes a big deal out of what he calls his “big deal” with China. But Trump’s “Phase 1” China trade deal actually encourage U.S. companies to outsource jobs to China. Meanwhile the Chinese government is not following through on its promise to increase purchases of U.S. agricultural goods.
The second phase of the China deal is MIA. And that’s the part that was supposed to bring down the trade deficit by getting China to stop subsidizing it exports. Not on the agenda at all were stronger labor protections and other rules that would’ve actually made a difference for working people here and in China. That’s a real problem, because labor conditions in China remain bleak.
On this episode we break down Trump’s China trade deal and how it became yet another one of his broken promises to working people.
Learn more at rethinktrade.org.
Music: Groove Grove by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/3831-groove-groveLicense: http://creativecommons.org/licenses/by/4.0/
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