In a move that piles up further US leverage in advance of next week’s planned meeting between US President Donald Trump and Chinese President Xi Jinping, the US Trade Representative announced an investigation on Friday into Beijing’s compliance with the Phase One Trade Agreement. The latest tit-for-tat salvo comes as the two economic giants amass threats that, if carried through, could cripple the global economy. “The initiation of this investigation underscores the Trump administration’s…
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