China Trade Deal: A Truce Awakens? : Planet Money The U.S. and China signed a trade deal yesterday - one where China has pledged to buy $200 billion worth of U.S. goods over the next two years. Seems like a big win for the U.S., but is it?
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China Trade Deal: A Truce Awakens?

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China Trade Deal: A Truce Awakens?

China Trade Deal: A Truce Awakens?

China Trade Deal: A Truce Awakens?

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  • <iframe src="https://www.npr.org/player/embed/797100293/797102297" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

President Trump signs a trade agreement with Chinese Vice Premier of the People's Republic of China, Liu He in the East Room at the White House on Wednesday, Jan 15, 2020 in Washington, DC. Jabin Botsford/The Washington Post via Getty Images hide caption

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Jabin Botsford/The Washington Post via Getty Images

President Trump signs a trade agreement with Chinese Vice Premier of the People's Republic of China, Liu He in the East Room at the White House on Wednesday, Jan 15, 2020 in Washington, DC.

Jabin Botsford/The Washington Post via Getty Images

After months of back and forth, the U.S. and China have signed a trade deal. Under the terms of the deal, some of the tariffs the U.S. has imposed on Chinese goods will be scaled back. China will also get stricter about respecting U.S. intellectual property and will buy hundreds of millions of dollars worth of U.S. wheat, pork, soybeans, natural gas, airplanes and financial services. Does this mean the trade war has ended? And is this a win for the Trump administration? We check in with Syracuse University trade economist Mary Lovely.

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