Trade war: coronavirus unlikely to halt purchase agreements in phase one deal, US business lobby says

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The head of an American business lobbying group said on Thursday he was confident that China will still meet its phase one trade deal commitments to massively increase purchases of US goods and services despite the coronavirus crisis.Craig Allen, president of the US-China Business Council (USCBC), said that the business slowdown in China could affect the timing of purchases, but both governments were committed to meeting the targets. The group represents US companies doing business in and with…

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