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U.S. and China to Sign “Phase One” Trade Deal

January 6, 2020

Episode Notes:

On New Year’s Eve, President Donald Trump announced that China and the United States would sign a Phase One Trade Deal with China on January 15. The news is a milestone in the U.S.-China trade war, a face-off between the world’s two largest economies. Washington has imposed tariffs on more than $360 billion worth of Chinese goods, while Beijing has responded with tariffs of their own on American good worth $110 billion. The back-and-forth has sent economic and geopolitical shockwaves around the world.

To help us make sense of the latest developments in the Sino-American trade dispute, we spoke with Scott Kennedy. Scott is senior adviser and Trustee Chair in Chinese Business and Economics at the Center for Strategic and International Studies (CSIS).

Follow Scott on Twitter: @KennedyCSIS

[ 1:04 ] What will Phase One of the trade deal cover?

[ 2:44 ] Assessment of American and Chinese strategies

[ 4:48 ]  Has the trade war hurt China more than the United States?

[ 8:08 ]  What will Phase Two of the trade deal look like?

[ 10:20 ] Could the trade war end before the U.S. election?

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