Trump is also chalking up a win with his China trade deal. Heading into the 2020 election, Trump had to able to demonstrate some progress to the Midwest farmers who have suffered a body blow during the trade war with Beijing. Trump tweeted, “We have agreed to a very large Phase One Deal with China. They have agreed to many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more.” The tariff rate currently imposed upon Chinese wares will drop from 25 percent to 7.5 percent and a new round scheduled for December 15 will not be imposed. Had the December 15 round been enacted, the risk of a recession would have increased. China has reportedly committed to purchase $50 billion of American farm products next year and to stiffen its intellectual property laws. Together with the new trade deal with Mexico and Canada, Trump will be able to tout his deal-making prowess as he heads into the election.