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August 13, 2020

Asia

US/CHINA: Phase 1 trade deal faces elevated risks as US election approaches

BY Gabriel Wildau

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( 4 mins) Some advisors to US President Donald Trump are urging him to abandon the phase 1 trade deal, while neither Democratic challenger Joe Biden nor Congress appear willing to defend it. The US trade deficit with China hit a 20-month high in July, and Chinese purchases of US exports are far behind the pace required to […]

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