On the same day that House Speaker Nancy Pelosi sat gleefully signing, with multiple pens, the Democrats’ articles of impeachment against President Donald Trump, the president sat down in the White House to sign Phase One of his new trade deal with China. The juxtaposition of the two signing events perfectly captured the stark divergent political objectives between the two.
By almost all measures, Trump has had a great start to 2020. He strongly faced down Iran’s provocative behavior, hitting the mullahs right where it hurt by taking out their top terrorist Gen. Qasem Soleimani following their orchestrated attack on the U.S. embassy in Baghdad. His decisive action sent a clear message to Iran and the world: Don’t to mess with the U.S.
On the illegal-immigration front, Trump has clearly made significant headway with the recent announcement of 100 new miles of a border wall, as well as a 70% decline in the number of individuals attempting to illegally cross the U.S. southern border. There is still much work to be done, but things are clearly going in the right direction.
The economy continues to hum along nicely, and there’s no sign of recession anywhere in sight, dashing one of the Democrats’ best hopes.
And now regarding the trade war with China, Trump’s aggressive efforts via raising tariffs appears to be paying off. While yesterday’s signing of Phase One is only an incremental step, it is still a significant step forward in Trump’s efforts to force China into ending its unfair trade practices. Here are a few of the reforms included in the deal as listed by the White House:
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 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.
The agreement includes significant commitments by China on accepting United States agricultural biotechnology products.
On top of this trade win, the Senate is poised to pass Trump’s reworked and updated NAFTA trade deal, now called USMCA. This would be Trump’s biggest win on trade to date, further fueling the booming U.S. economy.
Meanwhile, Pelosi is content to play games with impeachment, making a mockery of the Constitution while passing out the pens she did it with, and Democrat presidential candidates are in a dust-up over who was the one lying on the debate stage Tuesday evening. What a contrast for the 2020 election.