China gets an early win off trump but many battles remain
It seems like you're referring to the ongoing trade tensions between the United States and China. Here's a breakdown of the situation:
Early win for China: In January 2020, the United States and China signed the "Phase One" trade deal, which aimed to resolve some of the trade disputes between the two nations. The deal included commitments from China to increase its purchases of U.S. goods and services, as well as to strengthen intellectual property protections and address forced technology transfer. While the deal was seen as a win for China, it was also criticized for not addressing some of the core issues that led to the trade tensions in the first place.
Many battles remain: Despite the Phase One deal, the trade tensions between the United States and China are far from over. The deal only addressed a small portion of the issues, and many of the underlying disputes remain unresolved. The Trump administration has continued to impose tariffs on Chinese goods, and China has retaliated with its own tariffs on U.S. goods. The trade tensions have also had a significant impact on the global economy, leading to uncertainty and volatility in financial markets.
Ongoing issues: Some of the key issues that remain unresolved include:
- Forced technology transfer: The United States has accused China of forcing U.S. companies to transfer their technology to Chinese partners as a condition of doing business in China.
- Intellectual property theft: The United States has accused China of stealing intellectual property from U.S. companies, including trade secrets and patented technology.
- Market access: The United States has accused China of limiting market access for U.S. companies, particularly in sectors such as finance, healthcare, and technology.
- Currency manipulation: The United States has accused China of manipulating its currency to gain an unfair trade advantage.
What's next: The future of the trade relationship between the United States and China is uncertain. The Biden administration has indicated that it will take a more nuanced approach to trade policy, focusing on issues such as climate change, human rights, and labor standards. However, it's unclear whether the administration will be able to make significant progress on the outstanding issues.