President Donald Trump signed a trade agreement with China that is expected to boost exports from U.S. farmers and manufacturers and is aimed at lowering tensions in an 18 month dispute between the economic powers.
President Donald Trump holds the signed a trade agreement with Chinese Vice Premier Liu He, in the East Room of the White House, Wednesday, Jan. 15, 2020, in Washington.
But this agreement left unresolved many of the complaints — notably, the way the Chinese government subsidizes its companies — voiced by the Trump administration when it started the trade war by imposing tariffs on Chinese imports in July 2018. The White House ceremony gave Trump a chance to cite progress on a top economic priority on the same day that the House prepared to vote to send articles of impeachment to the Senate for a trial. He told Republican lawmakers attending the ceremony that he understood if they had to leave early for votes.The agreement is intended to ease some U.S. economic sanctions on China while Beijing would step up purchases of American farm products and other goods.
The 86-page agreement makes it easier to bring criminal cases in China against those accused of stealing trade secrets. It includes provisions designed to stop Chinese government officials from using administrative and regulatory procedures to ferret out foreign companies’ trade secrets and allowing that information to get into the hands of Chinese competitors.
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