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Trump’s ‘Phase One’ Trade Deal With China Won’t Stop Trade Wars From Being the New Normal

January 15, 2020

Via: Time

President Donald Trump is expected to sign “phase one” of a U.S.-China trade deal Wednesday—marking a cooling of the trade war that has roiled markets and upset supply chains around the globe.

On paper, the deal will enhance Intellectual Property (IP) protection, tackle forced technology transfer and boost market access to key sectors of the Chinese economy, such as financial services and agriculture. An enforcement provision will allow the U.S. to unilaterally reimpose tariffs if the Americans think China has welched on its commitments.

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