AmCham South China: Phase one deal will be a failure without phase two

The phase-one trade agreement between the U.S. and China, which Trump administration officials have hailed as a landmark breakthrough, “will go down as one of the biggest political and economic failures in a generation” if the two sides cannot agree to a more comprehensive follow-on pact, according to a group of U.S. businesses with operations in South China. “With Phase One signed, finalizing a Phase Two deal becomes an absolute necessity. We remain hopeful and determined that these two nations...