Daily Memo: Sanctions and Trade Deals

As the "phase one" trade deal becomes one year old, new sanctions have been placed on China.

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Happy anniversary to a trade deal. It’s the one-year anniversary of the signing of the “phase one” trade deal between the U.S. and China. Despite surging imports in November and December, Beijing is not living up to its purchasing commitments, reaching just an estimated 52 percent of its target goal. The deal wasn’t going to fundamentally address core U.S.-China trade issues anyway. New sanctions on China. The U.S. Commerce Department placed new restrictions on U.S. investment in and imports from several Chinese companies, including oil giant CNOOC and Huawei rival Xiaomi. Washington also imposed sanctions on a number of Chinese officials and executives over what Secretary of State Mike Pompeo described as coercive behavior in the South China Sea. Israel preps for a nuclear Iran. Israel Defense Forces are reportedly studying possible responses to an Iranian nuclear threat, based on three scenarios. The first is a return to the 2015 nuclear deal in its original form; the second is a partial deal that freezes nuclear development; the third is Iran obtaining nuclear weapons. Iran, for its part, continues to rattle the sabers, with the Islamic Revolutionary Guard Corps holding surprise exercises for surface-to-surface ballistic missiles and drones. Iranian-backed militias in […]

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