The United State’s move to bar video-sharing service TikTok from operating on its soil is the latest escalation in worsening relations between the two economic powers. — AFP/VNA Photo WASHINGTON — Negotiators from the United States and China will on Saturday discuss the “phase one” trade deal signed earlier this year — before the coronavirus slammed the world economy and relations between the two economic powers took a turn for the worse. Washington and Beijing’s January deal represented a partial truce in their months-long trade war, and obligated Beijing to import an additional US$200 billion in American products over two years, ranging from cars to machinery to oil to farm products. But purchases of those goods have been lagging, while US President Donald Trump has stepped up rhetoric against China ahead of what’s expected to be a tough fight for a second term in the November elections, raising questions about the deal’s fate as well as the possibility of a second phase of the truce. “The outcome of the trade talk will signal if both sides are willing to continue to keep the deal, which will signal whether the relationship will deteriorate further,” said Iris Pang, chief economist for greater China… Read full this story
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