COLUMBUS—In response to President Donald Trump signing the China Phase One Trade Agreement today, Senate President Larry Obhof (R-Medina) issued the following statement:
"Today's Agreement will reduce our trade deficit with China and will give us a more level playing field by protecting our intellectual property and addressing China's currency manipulation.
Make no mistake: the China Phase One Trade Agreement is good for Ohio. China has agreed to increase its purchases of American products by at least $200 billion over the next two years. The Agreement also reduces structural barriers to trade and will support a significant expansion of U.S. food and agriculture exports.
Once again, President Trump and Vice President Pence have negotiated a better deal for American workers, farmers and job creators."
President Obhof serves on the Intergovernmental Policy Advisory Committee on Trade
(IGPAC), which provides policy advice to the U.S. Trade Representative on issues of trade and economic development that have a significant relationship to the affairs of state and local government. This included consideration of the China Phase One Trade Agreement.
To learn more about today's historic trade agreement, click here