US-China phase-one trade deal gets a reality check after nearly two years

As the two-year deadline for the phase-one trade deal between the world’s two largest economies is approaching, all eyes are on the next step.Signed in January 2020, the deal was considered a ceasefire agreement between China and the United States following a two-year trade war that originated from a Section 301 investigation by the US in 2018, when Washington said Beijing had engaged in unfair trade practices such as intellectual property (IP) theft and granted excessive government subsidies…


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