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The threats facing Trump in 2020

2020-01-02PV:971

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Trump and Chinese leader Xi Jinping have still not signed the first-round trade pact that will put a hold on new tariffs, trim some existing duties on Chinese products and open markets in China to some American farm products. Even though that will likely happen in the early weeks of 2020, as Trump himself suggested, there may be no real prospects for a broad agreement before the November elections.

Though the first round may help ease some pressure on American farmers, retailers and consumers, it still does not return either country to the level of trade before Trump launched the trade war. Indeed, the trade pact is likely to leave in place tariffs on $360 billion in goods.

Meanwhile, China is continuing its realignment and rapprochement with a host of other partners, including Southeast Asian nations like Japan, and especially countries that have joined its Belt and Road