US-China Phase One deal inching towards brink of collapse

Beijing

AS US-China tensions continue to rise, the Phase One trade deal signed earlier this year between the world's two largest economies may not outlive the Covid-19 pandemic.

Although it's in the interest of both countries to keep the relationship on track as a total breakdown could increase the current economic slowdown, Washington and Beijing are locked in a war of words that could imperil the deal that that took months to negotiate.