S.C.R. No. 225 Summary

• Phase one of the United States-China trade agreement was signed on January 15, 2020, by President Donald J. Trump and Vice Premier Liu He, covering intellectual property rights, trade in food and agricultural products, and financial services.

• China pledged to purchase approximately $200 billion in goods and services from the United States over two years, including $80 billion in manufactured goods, $35 billion in services, $32 billion in agricultural products, and $50 billion in energy exports.

• The trade war between the United States and China negatively impacted Hawaii residents and businesses, with documented declines in U.S. exports to China according to U.S. Census Bureau data.

• Hawaii exported approximately $121 million in goods and services to China in 2017, with top exports including petroleum and coal products, aerospace products and parts, basic chemicals, scrap products, and fruits and tree nuts.

• The Hawaii Legislature expresses support for phase one of the trade agreement and directs certified copies be sent to the President, U.S. Trade Representative, Governor, county mayors, and state chambers of commerce.