Is There a Free Trade Agreement with China and Us
In recent years, the United States and China have been engaged in a trade war. This has caused many people to wonder if there is a free trade agreement between the two countries. The short answer is no, there is no free trade agreement between China and the United States.
The United States has been pushing for a bilateral trade deal with China for years, but negotiations have been difficult. The two countries have been engaged in a trade war since 2018, imposing tariffs on each other`s products worth billions of dollars.
China has long been accused of unfair trade practices, including intellectual property theft and forced technology transfers. The United States has also accused China of manipulating its currency to gain an unfair advantage in trade.
The lack of a free trade agreement between the two countries means that tariffs will continue to affect the price of many goods. While the two countries have reached several partial agreements, they have not yet been able to come to a comprehensive agreement.
The ongoing trade war has had a significant impact on both countries. It has led to job losses, higher prices for consumers, and a decrease in economic growth. While negotiations continue, it remains unclear when, or if, a free trade agreement will be reached.
In conclusion, there is no free trade agreement between China and the United States. The ongoing trade war has caused significant economic damage to both countries, and negotiations to resolve the conflict are ongoing. Until a comprehensive agreement is reached, tariffs will continue to affect the price of many goods.