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Vietnam was expected to reap gains from the US-China trade spat, but the opposite is happening, says Vu Tien Loc, an MP and chairman of the VCCI.

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The damages awarded, in a document released Friday on the Geneva-based organizations' website, are the third highest in WTO history.

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The deal, which may be signed later this month by Trump and Chinese President Xi Jinping at a yet-to-be determined location, is widely expected to include a U.S. pledge to scrap tariffs scheduled for Dec. 15 on about $156 billion worth of Chinese imports, including cell phones, laptop computers and toys.

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Chile withdrew on Wednesday as the host of an APEC summit next month at which the United States and China had been expected to sign a deal to ease trade tensions hurting the global economy, as raging street protests gripped the South American country.

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The United States Trade Representative (USTR) is considering extending the tariff exclusions granted to certain Chinese imports to another year, the agency said on Monday.

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A group of Chinese academics have backed a “phased” approach to achieving a deal to de-escalate the 16-month trade war with the United States, in the latest indication that Beijing is veering away from an “all or nothing” stance on an agreement.

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US and Chinese officials are close to finalising some parts of a trade agreement after high-level telephone discussions on Friday, the US Trade Representative’s office and China’s Commerce Ministry said, with talks to continue.

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China is seeking $2.4 billion in retaliatory sanctions against the United States for failing to comply with a World Trade Organization ruling in a case that highlights White House complaints about the global trade body.

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THE Fourth Industrial Revolution presents manufacturers in Southeast Asia with significant risks as well as tremendous opportunities at a time when technology and geopolitics are reshaping the global production landscape.

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With GDP growth numbers slumping to a three-decade low, it is apparent that the US-China trade conflict has slammed brakes on Chinese economic growth.

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