“Phase one” US-China trade deal signed
President Trump and Chinese Vice Premier Liu He today signed a phase one trade deal aimed at deescalating two years of trade tensions that have rocked global commerce. The deal includes a Chinese commitment to purchase $200 billion worth of US goods and services over two years, but it also preserves the majority of US tariffs on $360 billion of Chinese goods. It also more strongly protects US intellectual property. Brian and John speak with Steve Keen, the author of “Debunking Economics” and the world’s first crowdfunded economist, whose work is at patreon.com/ProfSteveKeen.