When Do We Get to See the Trade Deal, Mr. President?

It's already 2020 in Shanghai! Are they ahead of us on trade, too?SIPA Asia via ZUMA

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.

Our mysterious “Phase One” trade deal with China is set to be signed:

President Trump said Tuesday he will sign the first phase of a trade deal with China on Jan. 15, as the two nations move to cement a partial truce to the trade war….But even though the White House said a deal was reached more than two weeks ago, neither side has released the exact wording of their agreement. Still, the announced deal has been enough to lift financial markets because many investors feel encouraged about the direction of the talks.

President Trump keeps boasting about how this trade deal is worth $30 billion to America’s farmers. Or maybe $40 billion. Or $50 billion. It’s the greatest trade deal in history!

And yet, for some reason nobody has seen the actual text of the deal. It’s tied up in “translation.” Or “legal review.” Or something. My own guess is that it’s tied up in “this deal doesn’t really do much of anything at all.” But I’m a cynic.

DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate