Something, something, trade deal?
American and Chinese negotiators are currently working around the clock in an effort to produce a palatable trade deal for both sides before the March 1 deadline arrives. If a deal is not met, current U.S. tariffs on $200 billion in Chinese goods will rise from 10% to 25%. While the trade talks remain a fluid process, reports show that China is focused on offering to purchase more agricultural goods and liquefied natural gas from the United States, rather than remove subsidies from any of their products. U.S. Secretary of State Mike Pompeo discussed the reality of a real trade deal stating, "It's one thing to write something on a piece of paper. It’s another thing to have enforcement mechanisms. And I know our trade team is hard at work, making sure that the American people get that.”