A lot of ifs and buts and shoulds. China wins, again and trumpies celebrate another asskicking(their own)
Here are some of the deal’s core pieces (read the full agreement here):
Here are some of the deal’s core pieces (read the full agreement here):
- It calls for China to submit an “Action Plan to strengthen intellectual property protection” within 30 days of the agreement taking effect, according to the trade pact. The proposal would include “measures that China will take to implement its obligations” and “the date by which each measure will go into effect.”
- The deal says companies should be able to operate “without any force or pressure from the other Party to transfer their technology to persons of the other Party.” Technology transfers “must be based on market terms that are voluntary and reflect mutual agreement,” it reads.
- The agreement says China will increase purchases of U.S. manufacturing, energy and agricultural goods and services by at least $200 billion over two years.
- It makes commitments to try to root out the sale of counterfeit goods.
- The deal includes provisions to boost Chinese market access to financial services firms.
- Ahead of the signing, the Trump administration also revoked its decision to label China a currency manipulator.
