As reported in the above-linked article, China has already begun to weasel out of the commitments it made in the “Phase 1” trade deal, signed only two weeks ago. They’re blaming the coronavirus outbreak and citing a clause in the deal that provides for relief in the event of a “natural disaster or other unforeseeable event.” And it seems that the Trump administration is buying it.
Give me a break. At the time of this writing, approximately 500 people in China have died as a result of this new virus. Compare that to the approximately 50,000 people who have died this season from the flu in China. Ten million people die every year in China from one cause or another. Remember that this is a country of 1.4 billion people, and we’re to believe that 500 deaths have rendered them unable to meet their trade commitments? Do people in China eat less or otherwise consume less because of this outbreak?
Only two weeks into the trade deal, and China is already proving that it never had any intention of complying. Rather, it was just a ploy to buy some time and tariff relief, in just exactly the same way that every other trade commitment it has ever made was merely a ploy to make the U.S. shut up and go away. It seems to be working again.