Washington Backtracks On Enforcement Progress, Caves On Demands Beijing Scrap Industrial Subsidies

Original post

Despite Trade Rep. Robert Lighthizer’s insistence that Washington leverage its position of advantage – i.e. the unassailable fact that its tariffs had contributed to a precarious deceleration in Chinese economic growth – the Trump Administration’s trade team has repeatedly caved to Beijing. First, the administration compromised on enforcement (the administration has reportedly punted it to 2025) to the currency manipulation. And now it has reportedly softened its demands for the ‘structural economic reforms’ that Trump had insisted on as part

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