This is a first look at the Phase 1 trade agreement between the US and China. I start with a brief look at Chapter 3 on agriculture.
I received a few questions about the difference between China and Mexico in terms of US international trade policy and disputes and offer up a brief explanation here.
Trade policy is a hot topic right now with the global system clearly moving away from a more open system to a more closed system rife with tariffs and retaliatory tariffs, and I am sure pre-emptive retaliatory tariffs (if you see this out there I claim ownership of the term). Rather than some abstract reasoned argument, which typically favors free trade in my opinion, I thought we should look at the data. I know, I know. What do I hope to accomplish by bringing facts into the discussion.