A woman at a toy shop in Beijing, China, recently. The US ultimately wants China to open its vast economy to more goods and to conduct sweeping reforms of what Washington has long called systemic abuse against foreign investors. – EPA pic, December 13, 2019.
US President Donald Trump has declared that a deal to de-escalate the trade war with China was imminent but Beijing remained coy today and cautioned that any agreement must be “mutually beneficial”. Reports Washington and Beijing had struck a bargain at last – subject to approval by US President Donald Trump – sent US stocks sailing to their first record closes of December.
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