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US, China leaders sign new trade agreement

January 17, 2020

Via: Jurist

The Trump administration announced the singing of a new trade deal with China on Wednesday.

The treaty covers intellectual property, technology transfer, food and agriculture, and financial services. It also discusses economic policies such as exchange rates and a commitment to expand trade between the US and China. Despite the US’ long opposition to China’s intentional currency devaluation, due to its impact on trade, the treaty does not appear to contain any sign that China has agreed to desist in that practice. Based on the document itself, it is unclear if the concern was discussed during negotiations.

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