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17 Feb
15:17

Virus dampens US-China deal optimism, steel tariffs remain

The US-China phase one trade deal reduces the risk of a near-term escalation in trade tensions between the countries, but trade policy uncertainty has not gone away, says Moody’s. The US threat of 25% tariffs on auto and auto parts imports, for example, remains on the table, while tariffs on steel and aluminium have been extended. “Faced with the shock to its economy from the coronavirus, China will have more difficulty meeting the already ambitious co…
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