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US-China Phase One Deal Suggests Cease-fire, Not Long-Term Truce: Analysts

Joyce Huang

   The U.S. and China are said to be close to signing a phase-one trade
   deal in early January a move that will see Washington reduce tariffs on
   Chinese goods, or at least temporarily calm fears of an escalating
   trade war between the world's two largest economies.

   Analysts noted that economic challenges at home, including liquidity
   jitters, rising unemployment and the idea of decoupling the two
   economies, are reasons why the Chinese government appears to have
   conceded more than its U.S. counterpart.
   However, the mini deal, once signed, won't do much to stop the
   U.S.-China tech war, which is at the core of their trade frictions,
   they add.
   

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