President Donald J. Trump is Signing a Landmark Phase One Trade Agreement with China | Eastern North Carolina Now

Today, President Trump is signing a new, fully-enforceable Phase One Trade Agreement with China.

ENCNow
Press Release:



"From day one, my Administration has fought tirelessly to achieve a level playing field for the American worker."
  — President Donald J. Trump


    SIGNING A LANDMARK PHASE ONE TRADE AGREEMENT: Today, President Trump is signing a new, fully-enforceable Phase One Trade Agreement with China.

  • President Trump is making good on his promise to fix the failed policies of the past and deliver fairer trade for the United States.
  • This historic agreement will begin to rebalance our vital trade partnership with China and benefit both of our countries.
  • The signing of this agreement will be an incredible boost for American businesses, farmers, manufacturers, and innovators.

    ENACTING CRITICAL REFORMS: China has agreed to make significant structural reforms in a wide range of critical areas.

  • This agreement will help level the playing field for America's innovators to compete and win.
  • Importantly, the reforms included in the agreement are fully enforceable and include a strong dispute resolution system to ensure effective implementation and enforcement.
  • For the first time in any trade agreement, China agreed to end its practice of forcing foreign companies to transfer their technology to Chinese companies in order to gain market access.
  • China will address numerous longstanding intellectual property concerns in the areas of trade secrets, trademarks, enforcement against pirated and counterfeit goods, and more.
  • China agreed to strong commitments on currency practices regarding currency devaluations and exchange rates.
  • The agreement addresses a wide range of trade and investment barriers that have prevented American financial services companies from being able to compete in China.
  • The agreement addresses structural barriers that have unfairly limited United States food and agricultural exports.
    • The agreement includes significant commitments by China on accepting United States agricultural biotechnology products.

    REBALANCING TRADE: This agreement will begin rebalancing our trade relationship with China and provide new opportunity for American businesses and farmers.

  • As a part of the new agreement, China has pledged to increase imports of American goods and services by at least $200 billion.
    • China's increase in United States imports will take place over the next 2 years, and the trajectory is expected to continue even after 2021.
    • This increase will make important progress in rebalancing the United States-China trade relationship.
  • China will be making purchases of United States manufactured goods, agriculture, energy, and services under this deal.
  • China has agreed to purchase between $40 and $50 billion in American agricultural goods each year for two years - providing a massive boost to America's hardworking farmers.


You can visit a collection of all White House posts by clicking here.


Go Back

HbAD0

Latest State and Federal

On Friday, in a case that the United States government and his employer have denounced as a sham, a Russian court found Wall Street Journal reporter Evan Gershkovich, the first U.S. journalist to face such a charge since Nicholas Daniloff in 1986, guilty of espionage
"The largest deportation effort in American history is going to have one hell of a co-pilot," one organization exclaimed.
Former President Donald Trump once again addressed the proposed transition policies in the Heritage Foundation’s “Project 2025,” saying in a social media post on Wednesday night that Democrats are trying to deceptively “hook” him with those proposals.
Biotech entrepreneur Vivek Ramaswamy told The Daily Wire on Monday that he would “strongly consider” replacing J.D. Vance as U.S. senator from Ohio now that former President Donald Trump has picked Vance to be his running mate for the 2024 election.
For the second year in a row, Raleigh was ranked as the overall best place for veterans to live in the United States, according to a WalletHub report. Charlotte, Durham, Greensboro, and Winston-Salem came in 26th, 35th, 48th, and 51st overall, respectively.
Less than 24 hours after a failed assassination attempt against former President Donald Trump — which left one bystander dead and three others, including Trump, injured — The Atlantic’s David Frum blamed the violence on the former president and his supporters.
The Biden campaign fired back at actor George Clooney on Wednesday after Clooney called for President Joe Biden to drop out of the presidential race, suggesting that the 81-year-old president has better stamina than Clooney.
Ray Epps, the man accused by many of being involved with federal law enforcement during the January 6, 2021, riot at the U.S. Capitol, said over the weekend that Fox News host Tucker Carlson was “obsessed” with him and trying to ruin his life.

HbAD1

The North Carolina Department of Health and Human Services is hosting a virtual meeting on Friday, March 1, 2024, for the Standardized Foster Care Trauma-Informed Assessment Workgroup.
Cotton has been mentioned as a possible running mate for former President Donald Trump.
Former President Donald Trump said during a radio hit on Friday that he would be willing to take a cognitive test alongside President Joe Biden to let voters see the mental state of each presidential candidate.
NBC News’ Chuck Todd said Tuesday that Biden’s declining cognitive health has been an “open secret” for years, revealing that a senior cabinet member from the Biden administration suggested in 2022 that the president cannot run for reelection.
Daily Wire Editor Emeritus Ben Shapiro is testifying to Congress on Wednesday for a House Judiciary Committee hearing on the alleged conspiracy to suppress conservative voices under the guise of “brand safety.”
At least one person was shot and killed during an assassination attempt on former President Donald Trump on Saturday at a political rally in Pennsylvania in which the suspected gunman was also “neutralized,” according to the U.S. Secret Service.
The State Board of Elections will hold a remote meeting at 10:30 a.m. Tuesday, July 16, 2024.
President Joe Biden formally rejected on Monday a bill in Congress that would require individuals to show proof of U.S. citizenship to register to vote in elections for federal office.

HbAD2

 
Back to Top