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How US-China trade deal achieved a little but left out a lot

Posted On: Dec 13, 2019   |   Posted By: Boston Herald

By PAUL WISEMAN and KEVIN FREKING
WASHINGTON - The limited trade deal that the Trump administration and Beijing announced Friday means Americans will avoid a holiday tax increase on imported toys, clothing and smartphones. U.S. farmers can sell more soybeans and pork to China. And American companies should face less pressure to hand over trade secrets to Beijing.
But what the administration gained from the so-called Phase 1 deal that President Donald Trump celebrated falls well short of the demands the president issued when he launched a trade war against Beijing 17 months ago. Further rounds of negotiations will be required to achieve a more significant agreement.
Still, Friday's preliminary agreement managed to at least defuse a conflict that had put investors on edge and slowed economic growth entering an election year in which Trump plans to campaign, at least in part, on America's prosperity.
Under the agreement, the Trump administration dropped its plan to impose new tariffs on $160 billion of...

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