Issued on: January 15, 2020
"From day one, my Administration has fought tirelessly to achieve a level playing field for the American worker."
President Donald J. Trump
SIGNING A LANDMARK PHASE ONE TRADE AGREEMENT: Today, President Trump is signing a new, fully-enforceable Phase One Trade Agreement with China.
- President Trump is making good on his promise to fix the failed policies of the past and deliver fairer trade for the United States.
- This historic agreement will begin to rebalance our vital trade partnership with China and benefit both of our countries.
- The signing of this agreement will be an incredible boost for American businesses, farmers, manufacturers, and innovators.
- This agreement will help level the playing field for America’s innovators to compete and win.
- Importantly, the reforms included in the agreement are fully enforceable and include a strong dispute resolution system to ensure effective implementation and enforcement.
- For the first time in any trade agreement, China agreed to end its practice of forcing foreign companies to transfer their technology to Chinese companies in order to gain market access.
- China will address numerous longstanding intellectual property concerns in the areas of trade secrets, trademarks, enforcement against pirated and counterfeit goods, and more.
- China agreed to strong commitments on currency practices regarding currency devaluations and exchange rates.
- The agreement addresses a wide range of trade and investment barriers that have prevented American financial services companies from being able to compete in China.
- The agreement addresses structural barriers that have unfairly limited United States food and agricultural exports.
- The agreement includes significant commitments by China on accepting United States agricultural biotechnology products.
- As a part of the new agreement, China has pledged to increase imports of American goods and services by at least $200 billion.
- China’s increase in United States imports will take place over the next 2 years, and the trajectory is expected to continue even after 2021.
- This increase will make important progress in rebalancing the United States-China trade relationship.
- China will be making purchases of United States manufactured goods, agriculture, energy, and services under this deal.
- China has agreed to purchase between $40 and $50 billion in American agricultural goods each year for two years – providing a massive boost to America’s hardworking farmers.
source: https://www.whitehouse.gov/briefings-statements/president-donald-j-trump-signing-landmark-phase-one-trade-agreement-china/?utm_source=link
extended reading:
Remarks by President Trump at Signing of the U.S.-China Phase One Trade Agreement
What deals are in the U.S.-China trade pact signed Wednesday? Read the full text
Trump Signs China Trade Deal, Putting Economic Conflict on Pause
references:
- landmark: (1) noun. something that is easy to recognize, such as a tall tree or building, and that helps you know where you are (2) adj. a landmark agreement, decision, settlement etc is one that is very important and influences how other things develop
- a level playing field: a situation in which different people, companies, countries etc can all compete fairly because no one has special advantages
- fully-enforceable: 完全执行的 This is not an enforceable contract.
- make good on: to do something that you have promised or threatened to do He made good his promise. 美国英语常加on,如He made good on his promise.及They made good on their threat and forced the company to go out of business.
- historic agreement: a historic event or act is very important and will be recorded as part of history 注意与historical的区分
- enact: to make a proposal into a law
- dispute resolution system: 争端解决机制
- end the practice of doing: 结束某种做法 practice: the way people do a particular job, activity etc, especially one which is done often
- address: if you address a problem, you start trying to solve it. address a problem/question/issue etc
- pledge to: to make a formal, usually public, promise that you will do something. pledge to do something/pledge something/pledge that etc
- trajectory: (formal) the events that happen during a period of time, which often lead to a particular aim or result
- purchase: making purchases of United States manufactured goods, & purchase between $40 and $50 billion in American agricultural goods注意purchase用法