The Trade War in 2020: The U.S. and China Move to Phase Two (Valdai Discussion Club)

On December 10 President Trump announced that the United States, Mexico, and Canada had successfully negotiated a new regional trade accord, the U.S. Mexico Canada Agreement (USMCA). Three weeks later Trump indicated that the United States and China had agreed on a “phenomenal” “phase one” trade deal on January 15 and that he would travel to Beijing later in the year to commence negotiations on a “phase two.” What do these developments portend for the future of the Sino-American relationship?

Alan W. Cafruny

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