Actually no, not the best economy and unemployment has been lower under Biden, more jobs created under Biden, and we still have had free trade with China except where tariffs have been added.
About China, Trump's trade deal included an agreement by China to buy $200 extra imports by Dec. 21. They didn't.
Two years ago, President Donald Trump
signed what he called a "historical trade deal" with China that committed China to purchase $200 billion of additional US exports before December 31, 2021. Today the only undisputed "historical" aspect of that agreement is its failure. One lesson is not to make deals that cannot be fulfilled when unforeseen events inevitably occur—in this case, a pandemic and a recession. Another is not to forget the complementary policies needed to give an agreement a chance to succeed.
In the end, China bought only 58 percent of the US exports it had committed to purchase under the agreement, not even enough to reach its import levels from before the trade war.
[1] Put differently, China bought
none of the additional $200 billion of exports Trump's deal had promised.
As to unemployment and job creation, Biden has done better.
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Trump's unemployment number was 6.4%. Biden's was 3.5% and now about3.9% - 4%
May's jobs and employment report show a record-breaking run of good economic news under President Biden
www.forbes.com
The May jobs and unemployment report is out today, and it shows a continuing strong economy. The Biden Administration’s robust and durable track record on jobs and unemployment is breaking records, putting up some of the best results we’ve seen in half a century.
First, the numbers. The federal
Bureau of Labor Statistics (BLS) reports that May saw an additional 272,000 jobs created, above most forecasters’ expectations. Unemployment ticked up from 3.9% to 4%, although such slight single-month changes are statistically meaningless (if the rate rises for several months in a row, then you have a trend.)
These are very strong numbers, especially this far into an economic recovery. The White House took a justified victory lap, with
President Biden noting “unemployment has been at or below 4% for 30 months—the longest stretch in 50 years.”
Jobs increased in several sectors—health care, leisure and hospitality, and professional services. And wages continued rising, with average hourly earnings moving upward. BLS notes that “over the past 12 months, average hourly earnings have increased by 4.1%.”