This is CBSI on the world. I'm John Batchel, joined by my colleague and friend Gordon Chang at Gordon G. Chang,

looking on the tariffs around the world here at the beginning of the last month of the year.

It's at the same time looking at the tariff conversation between Washington and Beijing,

the heart of the heart of the heart of the matter. We're joined by our colleague on trade and manufacturing for many years,

our guru, Alan Tonelson. Gentlemen, the headline promising. Trump says she agreed to expand

farm buys. U.S. may cut income tax due to tariff revenue.

This is an update of the Trump tariffs.

I'm interested in the Chinese part.

Gordon, before I turn to Alan and his analysis, my memory is in mid-January of 2020.

There were Xi Jinping counselors in Washington in the Oval Office with President Trump,

and they were there to sign a so-called trade deal, phase one,

that involved buying agricultural products from the U.S.

My memory is the pandemic hit right after that, maybe the next weekend, rumor of,

and everything went haywire.

At the same time, my memory is China did not fulfill its commitments then

and is now promising to fulfill the same equipment now.

Is that true?

Thank you, Gordon.

That's certainly true, John. You're referring to the phase one trade deal, which was signed

on January 15th, 2020 in the East Room, and China agreed to certain purchase requirements of

U.S. goods and U.S. farm products. Now, China has didn't

be either of those requirements. They say, well, COVID hit, but China's negotiators knew

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