What the U.S. won (and lost) in the China trade deal

Markets finally got this week the signed phase 1 U.S.-China trade deal they had waited for. "The market impact is largely the rally we've seen over the past three months," wrote Greg McBride, chief financial analyst at Bankrate.com, in a note to Fortune. It's a "cloud of uncertainty" cleared from the U.S. and global economy.

Experts in trade business and law who reviewed the agreement—which was only made available after the signing— tell Fortune the first phase is an important step. But much remains nebulous, particularly for enforceable tangible gains. ...

Column: Trump’s China trade deal doesn’t even get us back to square one, despite immense cost

That sound you may have heard Wednesday morning was that of a heavy truck spinning its wheels, as President Trump signed an agreement with China that imposes a cease-fire in a trade war that has achieved virtually nothing for Americans, except the imposition of enormous economic costs on U.S. consumers, farmers and manufacturers.

The world in 2030: Twenty-somethings will define the 2020s

Twenty-Somethings will define the world in 2030. All other generations would be wise to follow the advice of surrealist artist Salvador Dalí: “The problem with today’s youth is not being a part of it anymore.” 

Thanks to Twenty-Somethings, across the next decade, international trade will be managed for social justice, Islamist extremism will be moribund, liberal arts will flourish again, and and ecological sins will be repented. To those today to whom “O.K., Boomer” is rightly said, the world in 2030 will look surreal.

The markets have spoken: Phase one trade deal between the U.S. and China is ‘no victory’

From Shanghai to London, stocks rallied on Friday morning as a "Phase One" trade deal was reached between China and the Trump Administration—that is, until the details were announced.

By noon in New York, the major indices still trading were swooning, with the S&P 500 and Dow Jones Industrial Average in negative territory, ceding big early gains.

What happened?

Trade law expert says WTO Appellate Body impasse 'major setback' to multilateral trade

KANSAS CITY, Dec. 11 (Xinhua) -- It's "tragic" to see the World Trade Organization (WTO) Appellate Body be "asphyxiated" by the United States, said a law professor and an international trade expert, who calls the current state of the body a step back for the multilateral trading system.

"When you remove a pillar of adjudication that stands for equal justice and that provides a level playing field, you introduce more political power elements into dispute resolution," Raj Bhala, Brenneisen distinguished professor at University of Kansas Law School, told Xinhua Tuesday.

U.S. House delegation from Kansas backs trade pact with Mexico, Canada

Bipartisan support emerged among U.S. House members from Kansas on Wednesday for passage of an updated trade agreement with Canada and Mexico that holds significance for the state’s agriculture and manufacturing interests.

The deal yet to be voted on by the House and Senate in Washington, D.C., would replace the North American Free Trade Agreement denounced by President Donald Trump with USMCA, or United States-Mexico-Canada Agreement. The pact contains stronger protection for workers and provisions tied to environmental issues and pharmaceutical trade.


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