The “Phase One” China Trade Deal Looks Legit

Oh look, a new trade agreement:

President Trump on Wednesday signed a partial trade deal with China, securing a promise that Beijing will purchase specific amounts of U.S. goods and services while retaining many of the import penalties he put in place over the past two years.

The text of the agreement is finally available, and it looks legit. It says China “shall ensure” that it purchases an additional $200 billion of American goods and services in 2020 and 2021 compared to the “2017 baseline.” That baseline doesn’t seem to be spelled out anywhere, which is probably because US and Chinese estimates of trade goods are sometimes quite different. Still, that’s only a little bit of wiggle room. If the Chinese follow through, US exports to China will look like this:

I was skeptical that this trade deal contained clear wording about Chinese purchase commitments, but unless I’m missing something it seems to.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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