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China-U.S. Trade: the gap between tactically-focused (bilateral trade deficit, tariff rates) and strategicallyfocused (technology transfers and industrial policy) members of Trump’s staff increased. A putative tension-reducing deal between the two powers was said to at least encompass ZTE survival, no Chinese retaliation on Sorghum, more market access for U.S. car firms and an opening up of the financial sector.
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U.S. Congress: all of this China deal talk flushed-out Republicans and Democrats who want a tougher, more strategically focused approach. Marco Rubio, among others, voiced concern and legislation designed to halt a deal on ZTE has been included by multiple committees. The bipartisan legislation toughening U.S. inward FDI approval processes moved forward – after the removal of elements scrutinizing outward FDI.
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NAFTA: the timetable has slipped and will probably move into 2019 – with a new Mexican president
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