What did China get from the phase one trade deal? I have never heard anything about what does China get from it. It sounds like a bone China threw for Trump because at the time Trump's trade war against China was doing nothing after he claimed China would collapse day one. That's why his demands were divided into phases so he can fake a victory because Trump's proclamation that the US didn't need China while China needed the US was not so apocalyptic for China as he believed. Was it just a ransom demand to prevent further trade action by the US? If that was the case, Trump did act further so he broke the deal and it should be considered null and void.
The whole thing seemed like a charade from the beginning.
President Trump said that China will pay the tariff, not Americans (importers or consumers who are passed the costs of the tax). Trump probably did not graduate, or bought his degree, if he has one. No one makes such fundamental mistakes. I thought he was just joking, and trying to look tough to the American people because President Trump thought the American people were stupid. The Chinese, and anyone who passed those courses, got a degree, this was all stupid.
But ... what a show! Better than the circus!
I concluded Trump actually believed that China paid the tariff. When the trade negotiations almost fell apart, Trump slapped more tariffs onto Chinese goods as punishment. The Chinese most difficult time, was to keep a straight face, feign outrage.
So the Biden people want to continue this same charade.
That seems fine, but China needs not to be a part of it. China's involvement in the charade is not necessary anymore.
China is happy with the tariffs it placed onto American goods, because that would foster import substitution, which is required given the arbitrary bans placed on American exporters.
CCP got something out of it, they got their policy implemented of buying Chinese instead of buy American in the targeted sectors affected by the Chinese tariffs.
I do not have proof, but this is too logical.
Here is an old article.
It was a charade then, it is still a charade now.
fortune.com/2019/10/08/trump-china-tariffs-trade-war-us-economy-impact/