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We must not forget that trade disputes are not a one-way street, but always carry the danger of retaliatory measures.

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China and the United States have agreed to roll back tariffs on each others’ goods in a “phase one” trade deal if it is completed, officials from both sides said on Thursday, sparking division among some advisers to President Donald Trump.

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President Donald Trump and Chinese President Xi Jinping may not be able to sign a partial trade deal until December, and two U.S. locations have been ruled out for their highly anticipated meeting, according to a person familiar with the matter.

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The escalating US-China trade war has made Vietnam’s trade gap with China widen to 29.5 billion USD in the first 10 months of 2019, up 47.9 percent from the same time last year, according to insiders.

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The new partial trade deal with Beijing fails to address Chinese subsidies, one of the top concerns of the Trump administration and the impetus for starting a trade war, and it will be difficult to ease U.S.–China tensions if the issue of state subsidies remains unresolved, according to experts.

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The ongoing trade war between the United States and China is harming both economies, the UN said on Tuesday (Nov 5), with a sharp drop in exports and higher prices for consumers.

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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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