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The long-awaited “phase one” trade deal has finally been signed. After two turbulent years of trade disputes that have weighed on the global economy, investors got some relief on Wednesday with the US and China agreeing a pause in the trade war.The main ingredient of the deal is a commitment by China to purchase an additional $200 billion worth of US products over the next two years. Out of the total additional purchases, 39% will be in manufactured goods, 27% in the energy sector and 19% in services. In return, the US will cancel planned tariffs on some consumer products and half the... Read More
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