Art of the deal?
There’s been no end to the complaints on the left (and portions of the right as well) about President Trump’s use of tariffs to attempt to craft better trade deals for the United States. The results have been a mixed bag thus far, with some efforts delivering results (see: Mexico and Canada) and others seeming to fall short (the auto industry is a good example there). But some of the greatest consternation on display around punditry panels has been caused by the President’s aggressive stance toward China, arguably our largest trading partner. Trump’s complaints about their habitual theft of technology from the west seem to have sunk in over in Beijing because they are currently working on a law to supposedly curtail this type of abuse and end the tariff battle. (Associated Press)
In an unusual step, China’s ceremonial legislature is due to endorse a law meant to help end a bruising tariff war with Washington by discouraging officials from pressuring foreign companies to hand over technology.
The battle with China’s biggest trading partner is overshadowing the National People’s Congress, the country’s highest-profile event of the year.
