2019
February
26
Tuesday

Monitor Daily Podcast

February 26, 2019
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Laurent Belsie
Senior Economics Writer

President Trump has won kudos for taking a tough stance on China’s 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 “substantial progress” and said the agreement would address key issues, such as intellectual property protection and currency manipulation. On Monday he tweeted: “If a deal is made with China, our great American Farmers will be treated better than they have ever been treated before!” 

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 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 “to make the Chinese [undertake] structural reforms,” Mr. Atkinson says. “They don't need the Chinese to buy more [American] soybeans.”

We’re also watching India and Pakistan. As a bonus read today, here’s a quick look at why tensions there – simmering since 1947 – have reached new levels.

Now to our five stories for today.


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Today’s stories

And why we wrote them

Jonathan Ernst/Reuters
Senator Lisa Murkowski (R) of Alaska arrived for the weekly Republican Party caucus luncheon at the Capitol in Washington Feb. 26. A number of Republicans in both houses of Congress have shown a willingness to split with President Trump over his national emergency declaration.

Patterns

Tracing global connections
Melanie Stetson Freeman/Staff
Officer Patrick MacFarlane, with the New Orleans Police Department, speaks with a man in the city’s French Quarter. The city has one of the oldest foot-patrol beats in the country.

The Monitor's View

AP
Gene-editing in a laboratory in Shenzhen, China, during work by scientist He Jiankui's team.

A Christian Science Perspective

About this feature

A message of love

Andrew Harnik/AP
T-shirts depicting President Trump and North Korean leader Kim Jong-un are displayed for sale in Hanoi, Vietnam, Feb. 26. The second summit between the two men takes place in the city Feb. 27-28.
( The illustrations in today’s Monitor Daily are by Jacob Turcotte and Karen Norris. )

A look ahead

Thanks for joining us. Come back tomorrow when we examine how charter schools are making an about-face on “no excuses” discipline. 

More issues

2019
February
26
Tuesday
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