Washington, D.C. – Today, the top Republican on the House Ways and Means Committee Kevin Brady (R-TX) released the following statement on the signing of the United States and China Phase One trade agreement:
“This is a historic day for American workers and businesses. President Trump, Trade Ambassador Lighthizer, and Secretary Mnuchin are achieving what no White House has before them: a strong, real and enforceable commitment from China to end unfair trade practices and level the playing field for American workers, manufacturers, farmers, and businesses.
“This agreement includes many of America’s top priorities: protecting America’s intellectual property, ending China’s practice of forcing U.S. companies to transfer technology simply to do business in their country, and tearing down structural barriers that are preventing American farmers and businesses from competing fairly in China.
“It also tackles currency manipulation, opens the financial services markets, and dramatically expands American agriculture sales to China.
“Most importantly, for the first time China and America have agreed to fully enforce these commitments with specific timetables and accountability if these commitments are not kept.
“We recognize that other priorities remain to be address in Phase Two discussions, but there is no question this is a breakthrough agreement.”