Many observers say that US President Donald Trump accomplished little during the first 100 days of his administration. That is not strictly true: he reversed major positions on defense and trade policy that he had advocated during his election campaign, which has already yielded positive results.
CAMBRIDGE – During his first 100 days in office, US President Donald Trump reversed many of the major positions on defense and trade policy that he had advocated during his presidential campaign. And these reversals have yielded some positive results.
Trump’s policy toward China is the best example. During the campaign, Trump promised to label China a currency manipulator on his first day in office; end the “One China” policy (recognizing Taiwan as part of greater China) that has long guided Sino-American relations; and impose a high tariff on Chinese imports, to shrink the bilateral trade deficit.
None of that happened. Trump did not label China a currency manipulator upon taking office. When the US Treasury last month conducted its scheduled review of Chinese currency policy, it concluded that China was not a currency manipulator.
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