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This Abridge News topic aggregates four unique arguments on different sides of the debate. Here are the quick facts to get you started:
THE QUICK FACTS
- On Wednesday, President Trump and China's Vice Premier Liu He signed a trade deal described as the first phase in a longer process of trade reconciliation.
- The deal includes a variety of concessions from both countries. Most notably, the US agreed to reduce tariffs on $120 billion in Chinese products from 15% to 7.5%, and China agreed to buy an additional $200 billion in American goods and services over the next two years, including agricultural products and energy exports.
- While the deal addresses some notable issues, such as banking rules and intellectual property protections, it omits others, like cybersecurity and China's subsidization of state-owned enterprises.
- While the deal does not include a neutral third party for enforcement, it does create "Bilateral Evaluation and Dispute Resolution Offices" and an appeals process.
CLICK TO VIEW OPINIONS ranging from Good for the US to Good for China