JUST IN: President Trump and China's Vice Premier Liu He sign phase one of trade deal.
Not everyone was won over by the phase one agreement, with some economists saying that after almost two years of posturing, the actual commitments eked out in the deal do not go far enough.
“It doesn’t include anything that is related to the entire issues surrounding Huawei, 5G, export controls, or a host of new technologies,” said Jacob Kirkegaard, a senior fellow at the Peterson Institute for International Economics. “There is nothing here concerning Chinese subsidies...
While the U.S. delegation was able to extract certain commitments from the Chinese side, such as access to its financial sector and criminal penalties for intellectual property theft, the phase one deal does not fundamentally alter China's economic business model as Trump originally sought
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