Trump’s China trade deal failing badly – Daily Notable
Washington
US Democratic presidential candidate Joe Biden on Wednesday ratcheted up the rhetoric on President Donald Trump’s handling of the country’s increasingly tense relationship with China, saying the Republican’s much-vaunted trade deal was “failing.
“Commerce Department data showed the U.S.-China trade deficit widened 5% to $28.4 billion in June from the month prior and confirmed that Beijing is falling well short of its commitments to buy US goods.
Trump has made closing the imbalance a pillar of his economic diplomacy. “Trump’s ‘phase one’ trade deal with China is failing -badly,” Biden said in a statement sent to Reuters.
Ken Farnaso, a spokesman for Trump’s re-election campaign, shot back that Biden was “beholden” to Chinese President Xi Jinping and pursued “weak appeasement policies” when he was vice president.
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The dueling statements underscored the value both presidential contenders place on staking out a tough-on-China stance ahead of the Nov. 3 election.
Many American workers and businesses see China’s decades-long rise as coming at their expense.
Under the Phase 1 deal, China pledged to boost purchases of U.S. goods by some $200 billion over 2017 levels, including agricultural and manufactured products, energy and services.
Battered by the global coronavirus recession, China is far behind the pace needed to meet its first-year goal of a $77 billion increase.
Biden said the current trade deal is “unenforceable,” and “full of vague, weak, and recycled commitments from Beijing,” allowing the country to keep “providing harmful subsidies to its state-owned enterprises” and “stealing America’s ideas.
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“Senior U.S. and Chinese officials are set to review the implementation of the Phase 1 trade deal and likely air mutual grievances during an Aug. 15 videoconference, Reuters reported on Tuesday, citing two people familiar with the plans.
China’s ambassador to the United States, Cui Tiankai, said on Tuesday that a meeting between the two sides would “be very positive.”.
Joe Biden will not travel to Milwaukee to accept the Democratic presidential nomination because of concerns over the coronavirus, party officials said Wednesday, signaling a move to a convention that essentially has become entirely virtual.
It is the latest example of the pandemic’s sweeping effects on the 2020 presidential election and the latest blow to traditional party nominating conventions that historically have marked the start of fall general election campaigns.
“From the very beginning of this pandemic, we put the health and safety of the American people first,” said Democratic National Committee Chair Tom Perez.
“We followed the science, listened to doctors and public health experts, and we continued making adjustments to our plans in order to protect lives.
That’s the kind of steady and responsible leadership America deserves. And that’s the leadership Joe Biden will bring to the White House.”
Neither the Biden campaign nor DNC officials offered details about how Biden might accept the nomination, which even in the pandemic could be a made-for-screen event that reaches tens of millions of voters via television and online.
A DNC official said all speakers and presenters for the Aug. 17-24 convention are now expected to speak from remote locations.
President Donald Trump already had abandoned plans to accept the Republican nomination in person. But like Biden, he has not yet announced what he will do for his convention.
Biden and Democrats for months have moved toward a virtual convention, first by delaying the convention from its original mid-July date to the week before Republicans’ scheduled convention in Charlotte, North Carolina.
DNC officials later authorized organizers to plan for virtual proceedings, then added an explicit call for delegates not to travel to Milwaukee.-PUNA
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