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Trump’s trade deal with China is communism with American characteristics

Trump’s trade deal with China is communism with American characteristics

Republicans, who for years held themselves as champions of free markets, embraced central planning in a new trade deal with China. The so-called “phase 1 trade deal” (pdf) with China was released to the public and signed yesterday by US president Donald Trump and Chinese vice premier Liu He. The fracas started after Trump imposed new import taxes on American consumers and businesses buying goods from China, and Beijing in turn placed tariffs of its own on US exports.