Gala 2024
What’s going on with the Phase One deal?
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Hot and cold rhetoric surrounding the Phase One deal has sent mixed signals about the future of the US-China trade relationship. With Phase One now officially in effect for six months, I spoke with our own USCBC analysts Jack Kamensky, Pearson Goodman, and Alison Schonberg to get a read on whether China has been living up to its commitments or not. Claire Reade, senior counsel at Arnold & Porter and former assistant USTR for China affairs, also gives her take on the strongest and weakest parts of the agreement, as well as what industry can do to withstand political headwinds.
Further reading:
- Claire Reade: Trade May Still Be the Ballast in US-China Relations—At Least for Now (CSIS)
- Alison Schonberg: Phase One Purchases Lag as Trade Slowly Bounces Back from COVID-19
- USCBC: Phase One Commitment Tracker
