What Happens Next with Phase One?

With key aspects of the Trump-era phase one deal having now expired, questions loom about what comes next for US trade strategy toward China. Given domestic considerations in both countries, the prospect of a “phase two” deal covering substantive issues is remote. Instead, the Biden administration appears likely to focus efforts on litigating the shortfall in China’s purchases under phase one and outlining the structure of its regional strategy through the Indo-Pacific Economic Framework.

Posted January 21, 2022
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