Despite Washington and Beijing having agreed to an initial framework, it might not be time to breathe a sigh of relief when it comes to the U.S.-China trade war, says the Peterson Institute for International Economics' Chad Brown.
In fact, Brown says the so-called phase one "may be doomed from the start" thanks to "unrealistic" export targets. Brown finds it highly unlikely China will be able to purchase the additional $200 billion (and then some) worth of U.S. exports by 2021, even when working with generous projections.
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