U.S.-China trade deal protects intellectual property, agriculture, avoids more tariffs

Dec. 2, 2018, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement praising President Donald Trump for reaching a trade agreement with China that avoids additional tariffs, keeps existing tariffs but retains the possibility of implementing them if China does not follow through on its commitments:

“President Trump’s trade policy toward China has forced the Chinese to blink by agreeing to the beginning of a framework that would protect intellectual property and end forced technology transfers on U.S. companies seeking to enter the Chinese market.  The art of the deal is working. Additionally, the Chinese have agreed to an immediate resumption of Chinese agriculture purchases while lowering their pre-existing tariffs on other U.S. goods is a step in the right direction toward lowering the half a trillion dollar a year trade imbalance between the U.S. and China.  And once again, the naysayers on the President’s trade policy who sought to undercut the tariffs put on Chinese goods have been proven wrong.  The Chinese need the U.S. market much more than the U.S. needs the Chinese, and only President Trump had the strength and desire to transform the world’s economy to provide a level playing field for U.S. workers to force the Chinese to change.  If China fails to follow through they know that additional tariffs on their goods will be put into place, because President Donald Trump keeps his word.  Now, it is up to President Xi to keep his promises so the beginnings of an honest trade relationship can be established between our two nations.”

Interview Availability: Please contact Americans for Limited Government at 703-383-0880 ext. 1003 or at media@limitgov.org to arrange an interview with ALG experts.