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What’s in the China deal? — We report with our friends from the South China Morning Post this morning that the phase one China deal scheduled to be signed on Wednesday will include about $200 billion in purchases over two years by the Chinese that break down about like this: $75-$77 billion in manufacturing; $50 billion in energy; $35-$40 billion in services and $40 billion in agricultural products.
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A gift for China — Partly in return for the deal and its efforts address currency, Treasury declined to re-name China a currency a manipulator our Megan Cassell and MM reported. The moved represented a sharp break from August, when Treasury Secretary Steven Mnuchin took the rare step of issuing the formal designation against China at a moment when trade relations between the two countries were spiraling downward and the president was in a rage. That rage has abated for now ahead of Wednesday’s expected celebrations. [More below]
Can’t they all just get along on the left? — Tons of trouble brewing on the left as Bernie Sanders and Elizabeth Warren battle it out HARD to emerge as the true progressive alternative to Joe Biden. Warren now ways Sanders privately told her he didn’t think a woman could win in 2020.
And Trump is loving it “declaring … Warren’s White House bid to be ‘dead’ and asserting that she is ‘very angry’ at rival Bernie Sanders. … Do I see a feud brewing?” And there may be no alternative to Biden anyway.