President Trump last week agreed to a “phase one” trade agreement with China that cut in half some existing tariff rates on Chinese goods, canceled new tariffs that were set to take effect this past Sunday, and require China to nearly double its imports from the U.S. over the next two years.
While the deal has been hailed as good news for American farmers and factories, it was sharply criticized by New York Times columnist Paul Krugman, Goldman Sachs economist Jan Hatzius, and New York Senator Charles Schumer.
No comments:
Post a Comment