Daily Memo: Unsettled Trade Settlements, China Overtakes Russia in the Pentagon’s Eyes

The U.S. and China are having trouble agreeing on what they agreed on in their phase one deal, and the Eastern Mediterranean situation just keeps heating up.

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Trade deal uncertainty. Pen was finally put to paper in both the U.S.-China “phase one” trade deal and the new NAFTA last week, but implementation of both agreements is already proving tricky. As we forecast, the phase one deal leaves the biggest points of contention between the U.S. and China unsettled, ensuring that bilateral trade […]

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