{"id":1296239,"date":"2022-02-14T08:07:17","date_gmt":"2022-02-14T13:07:17","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1296239"},"modified":"2022-02-14T13:07:38","modified_gmt":"2022-02-14T18:07:38","slug":"china-fails-on-200-billion-trump-trade-deal-purchased-no-new-u-s-exports-study","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/china-fails-on-200-billion-trump-trade-deal-purchased-no-new-u-s-exports-study\/","title":{"rendered":"China Fails On $200 Billion Trump Trade Deal, Purchased No New U.S. Exports: Study"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchina-fails-on-200-billion-trump-trade-deal-purchased-no-new-u-s-exports-study%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1296239&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/02\/GettyImages-1193941687-e1644859745525-1.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p><span>China failed to live up to the first phase of its trade commitment to buy an additional $200 billion of U.S. exports, according to a new <\/span><a href=\"https:\/\/www.piie.com\/blogs\/realtime-economic-issues-watch\/china-bought-none-extra-200-billion-us-exports-trumps-trade\"><span>study<\/span><\/a><span>.<\/span><\/p>\n<p><span>In fact, despite agreeing to \u201cPhase 1\u201d of the trade deal brokered by former President Donald Trump two years ago, the Chinese Communist Party didn\u2019t even spend a single additional dollar on U.S. exports.<\/span><\/p>\n<p><span>Under the agreement, China said that it would buy at least $227.9 billion of U.S. exports in 2020, which would increase to $274.5 billion in 2021, totaling to $502.4 billion over two years. In reality, China only purchased just over half that amount.<\/span><\/p>\n<p><span>Trump celebrated this trade deal in January of 2020, saying that it would be a welcome news for many U.S. industries, including agriculture.<\/span><\/p>\n<p><span>\u201cThe agreement tears down major market barriers for U.S. food and agricultural exports. China will now welcome American beef, and pork, poultry, seafood, rice, dairy, infant formula, animal feed, biotechnology and much, much more,\u201d Trump said at the time.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The new trade deal tears down barriers for U.S. farmers! <\/p>\n<p>President Trump: &#8220;China will now welcome American beef, and pork, poultry, seafood, rice, dairy, infant formula, animal feed, biotechnology and much, much more.\u201d <a href=\"https:\/\/t.co\/BVytzEvHoa\">pic.twitter.com\/BVytzEvHoa<\/a><\/p>\n<p>\u2014 Trump War Room (@TrumpWarRoom) <a href=\"https:\/\/twitter.com\/TrumpWarRoom\/status\/1217573030551080960?ref_src=twsrc%5Etfw\">January 15, 2020<\/a><\/p>\n<\/blockquote>\n<p><span>The Biden administration is now criticizing the deal, calling it \u201cunrealistic\u201d and lacking a way to hold China accountable. White House official Brian Deese said that the Biden administration would hold China accountable for their commitments, but didn\u2019t clearly explain what would be done differently.<\/span><\/p>\n<p><span>\u201cWe\u2019re taking a different approach. Number one, holding China accountable where they have made commitments to say if you\u2019re not going to live up to these commitments we need to take a different approach. Number two, to really focus on those areas where Chinese action is posing strategic threats to our economy,\u201d Deese said.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST NOW:  &#8220;That agreement was flawed in multiple ways, including unrealistic commitments and not having a mechanism to hold China to account.&#8221;<\/p>\n<p>WH Official <a href=\"https:\/\/twitter.com\/BrianDeeseNEC?ref_src=twsrc%5Etfw\">@BrianDeeseNEC<\/a> on reporting China is $288 billion short in trade deal it made with Trump.<\/p>\n<p> <a href=\"https:\/\/t.co\/q8YZll3FmN\">pic.twitter.com\/q8YZll3FmN<\/a><\/p>\n<p>\u2014 John Berman (@JohnBerman) <a href=\"https:\/\/twitter.com\/JohnBerman\/status\/1491402689330225152?ref_src=twsrc%5Etfw\">February 9, 2022<\/a><\/p>\n<\/blockquote>\n<p><span>Multiple factors played into China\u2019s failure to meet their trade commitments, beyond their own international economic ambitions which U.S. exports could potentially impede. These include the preceding trade war between the U.S. and China which meant that U.S. exporters were already running behind schedule, and more specific issues, such as two Boeing 737 Max crashes which halted production and resulted in canceled Chinese&nbsp; orders.<\/span><\/p>\n<p><span>\u201cPresident Trump\u2019s trade war and phase one agreement did little to change China\u2019s economic policymaking,\u201d wrote the study\u2019s author, Chad Brown. \u201c<\/span><span>Beijing seems intent on becoming more state centered and less market oriented.\u201d<\/span><\/p>\n<p><span>However, according to <\/span><span>Walter Lohman<\/span><span>, director of the Asian Studies Center at the Heritage Foundation, the trade deal was destined to fail.<\/span><\/p>\n<p><span>\u201cThe idea of locking China into certain quotas \u2026 I think it was a flawed concept to begin with,\u201d Lohman <\/span><a href=\"https:\/\/www.foxbusiness.com\/markets\/china-stiffed-trump-trade-agreement-exports\"><span>said<\/span><\/a><span>. \u201cIt just wasn\u2019t the way to go about things.\u201d<\/span><\/p>\n<p><span>Lohman told FOX Business that one of the trade deal\u2019s objectives was to address Chinese theft of U.S. intellectual property, and that China were aiming to \u201cwait the Trump administration out,\u201d with no likely intention of meeting the economic targets.<\/span><\/p>\n<p><span>\u201cThe companies have often given away their property as the cost of doing business,\u201d he said. \u201cIt\u2019s basically illegal in international trade law to demand someone gives you their intellectual property as a cost of business, but the Chinese do it, and the companies do it.\u201d&nbsp;<\/span><\/p>\n<p><span>\u201cSome of the companies even offer it up to favor the Chinese, and then the market doesn\u2019t work out for them, and then years later they complain about their technology being coerced away from them,\u201d Lohman added.<\/span><\/p>\n<p><i><span>Ian Haworth is an Editor and Writer for The Daily Wire. Follow him on Twitter at<\/span><\/i><a href=\"https:\/\/twitter.com\/ighaworth\"><i><span> @ighaworth<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n<p><em>The Daily Wire\u2019s first original film, Shut In, has made its cinematic debut, being met with rave reviews. The Daily Wire is building an alternative to the leftist entertainment industry, one gripping movie at a time. Join us in this mission and stream Shut In today by becoming a Daily Wire <a class=\"in-cell-link\" href=\"https:\/\/www.dailywire.com\/subscribe\" target=\"_blank\" rel=\"noopener\">member<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China failed to live up to the first phase of its trade commitment to buy an additional $200 billion of U.S. exports, according to a new study.In fact, despite agreeing &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1296239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1296239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1296239"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1296239\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1296239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1296239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1296239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}