Inside the series of threats, counter threats, and miscalculations that led the world’s two biggest economies into a new Cold War.
President Donald J. Trump and Chinese Vice Premier Liu He on their way to the signing of the U.S.-China Phase One Trade Agreement at the White House in January. Credit: Shealah Craighead, Official White House Photo
After a year of pressure on Beijing, including levying tariffs on half of everything China sold to the United States, the American trade team thought it was closing in on a deal in late April 2019 to remake relations between the world’s two economic superpowers.
The two sides were working on a 150-page agreement covering many American complaints against China: pressure on U.S. companies to transfer technology, weak intellectual property protection, closed financial services markets, a
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