Why are so many Republican senators dithering over support for President Trump鈥檚 unusual push to build a border wall? It鈥檚 a case of competing conservative priorities (border security versus upholding the Constitution) and the 2020 elections.
President Trump has won kudos for taking a tough stance on China鈥檚 dodgy trade practices. But the closer the two nations edge toward an agreement, the greater the skepticism that it will involve fundamental reform. The thinking is that the president is more anxious to get a deal and keep Wall Street happy than to push for substantive change.
On Sunday, announcing he was delaying his threatened increase of tariffs on Chinese imports, Mr. Trump cited 鈥渟ubstantial progress鈥 and said the agreement would address key issues, such as intellectual property protection and currency manipulation.聽On Monday he tweeted: 鈥淚f a deal is made with China, our great American Farmers will be treated better than they have ever been treated before!鈥澛
But China has committed to reforms before with no real follow-through. What really matters, trade experts say, is how the deal enforces compliance.
Rob Atkinson, who heads the Information Technology and Innovation Foundation in Washington, offers four components聽Americans should look for: a dramatic reduction in cybertheft; the end of forced technology transfer from foreign companies to Chinese firms; a 75 percent reduction in subsidies to companies; and real market opening to foreign firms in most industries with no requirement of a Chinese partner company. Also needed: a deadline and an outline of the consequences of noncompliance.
The administration needs 鈥渢o make the Chinese [undertake] structural reforms,鈥 Mr. Atkinson says. 鈥淭hey don't need the Chinese to buy more [American] soybeans.鈥
We鈥檙e also watching India and Pakistan. As a bonus read today, here鈥檚 a quick look at why tensions there 鈥 simmering since 1947 鈥 have reached new levels.
Now to our five stories for today.