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Truce or genuine deal? Analysts question if phase one of US-China trade pact will last

October 14, 2019 / Weizhen Tan

U.S. President Donald Trump has called the phase one trade deal with China “very substantial” — but analysts say it appears to be more of a “temporary truce” than a real deal. They say it doesn’t sufficiently touch on the thorny issues plaguing both sides, and warn that negotiations could break down again before the phase one agreement is drafted. The trade dispute between the U.S. and China has gone on for more than a year and after their 13th round of talks last week, Trump said Friday that both sides have reached a phase one deal, and it will be written over the next three weeks.