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The US and China have reached what’s being called a “phase one” agreement in the bitter trade war between the world’s two most powerful economies. Prior to the deal signed in Washington on January 15, 2020, China had already been removed from the US list of “currency manipulators”. The South China Morning Post’s US Bureau Chief Robert Delaney and Finbarr Bermingham from the political economy team discuss what enforceable from phase one, and what we can expect in terms of negotiations for “phase two”.
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