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China and the Elusive Market Economy Status
The year began with US President-elect threatening to cite China as a currency manipulator and to impose a tariff on Chinese imports. Neither step was taken. The US withdrew from the Trans-Pacific Partnership, which had been negotiated for several years and was an important economic component of the US "pivot to Asia." Into the summer and early fall, top administration officials reportedly saw encouraging signs. Treasury and Commerce secretaries were highlighting constructive developments. President Trump himself boasted of $250 bln in new deals with China from is recent visit. However, more recently, the tone has ... (full story)
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