Schumer: Trump ‘sold out’ on China trade deal
“There are huge structural inequities, structural and unfair imbalances, with China’s trade relationships with the U.S. At first, President Trump seemed like the only president who would dare tackle this challenge; but now, according to reports, he has sold out for a temporary and unreliable promise from China to purchase some soybeans,” Schumer said in a statement.
“We’ve heard this song and dance from China before. Once again, Donald Trump cannot be relied upon to do the right thing for American workers and businesses, even when his statements were pointing in the right direction,” he added.
President Trump and China on Friday announced that they had reached a Phase One trade deal that would include a reduction in tariffs and an increase in China’s purchases of U.S. agricultural products.
“The deal Trump just announced with China is the exact outcome we feared. Trump single-handedly took down the U.S. economy with tariffs that killed 300,000 jobs, and this deal doesn’t commit China to any serious structural reforms. What on earth did Trump put us through this economic hell for?” Murphy said in a statement.
“This is classic Donald Trump — escalating a crisis for show and ratcheting it down with no wins for the U.S. when it’s politically expedient. This is what he always does, and it’s American families who pay the price,” Murphy added.
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