What does Phase One of the China-U.S. trade deal accomplish?


What does Phase One of the China-U.S. trade deal accomplish?President Donald Trump shakes hands with Chinese Vice Premier Liu He before signing “phase one” of a US China trade agreement with President Donald Trump, in the East Room of the White House, Wednesday, Jan. 15, 2020, in Washington. Vice President Mike Pence stands at right. (AP Photo/ Steve Helber)

After more than a year of negotiations between the United States and China – U.S. President Donald Trump and Chinese Vice Premier Liu He signed a partial “Phase One” trade deal at the White House, in Washington, DC.

But what does Phase One actually accomplish? And what work remains to be done to resolve a near two-year trade war between the two biggest economies in the world?

To break down what Phase One does – and doesn’t accomplish, we were joined by James P. Moore, Jr., CEO and Founder of the Washington Institute for Business, Government and Society. He also served as Assistant Secretary of Commerce for Trade Development under the Reagan administration.

PLUS: CGTN’s Nathan King shares his observations from the signing and the nearly two-year trade dispute.