President Donald J. Trump, joined by Chinese Vice Premier Liu He, sign the U.S. China Phase One Trade Agreement Wednesday, Jan. 15, 2020, in the East Room of the White House.
Image Source: 
Official White House Photo by Shealah Craighead

Chad P. Bown (PIIE)

The centerpiece of President Donald Trump’s much anticipated “phase one” trade agreement with China, signed January 15, is a commitment by Beijing to import an additional $200 billion worth of American goods and services over the next two years. Trump is certain to cite that pledge time and again in his re-election campaign. Many experts were, of course, quick to note that China’s promised purchases are bound to fall short. In fact, a close look at the data—presented below—shows that the numbers are even more unrealistic than first believed.

Photo Credit: 
Official White House Photo by Shealah Craighead