(Opinion) Column: Trump’s trade deal with China turned out to be a huge, costly bust – By Michael Hiltzik (Los Angeles Times) / February 16, 2022
The final tally is in, and the numbers are grim: Donald Trump’s huge trade deal with China — the deal he trumpeted as a “transformative” victory for the U.S. — turned out to be a massive bust.
The deal, it may be remembered, required China to make $200 billion in new purchases of agricultural and manufactured goods, services and crude oil and other energy.
The idea floated by Trump was that the deal would end the trade war he had started with China, while producing a massive infusion of new income for American manufacturers and growers.
Today the only undisputed ‘historical’ aspect of that agreement is its failure.
