Finance

Trump said he would revive the US economy. Here’s how those pledges held up in 2019.

Trade deals

trump xi

AP Photo/Susan Walsh

Trump has long promised to overhaul the global trade system in an attempt to benefit American workers he said have been put at a disadvantage by globalization. In 2019, he escalated tariff fights with China and several US allies.

Near the end of the year, Trump declared victory from those efforts as China announced it would commit to increased agricultural purchases, tighter protections for intellectual property, and other economic changes as part of an agreement to defuse tensions.

Separately, the White House gained support from Democrats for its signature rewrite of the North American Free Trade Agreement.

The pact marked a major legislative accomplishment for Trump, who called NAFTA the “worst” trade deal in history. The revised pact includes stricter rules on manufacturing origins and labor rules, but is expected to have a modest or slightly negative impact on the economy.

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