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China seeks U.S. flexibility on some promises in the Phase 1 trade deal: Bloomberg reporter

Stock MarketsFeb 03, 2020 10:37AM ET
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(Reuters) - Chinese officials are hoping that the United States will agree to flexibility on some promises in the Phase 1 trade deal as China deals with the outbreak of coronavirus, a Bloomberg reporter said https://twitter.com/SalehaMohsin/status/1224348944043560962?s=20 in a tweet on Monday.

The U.S.-China trade deal has a clause that the countries consult in the event of "a natural disaster or other unforeseeable event", the reporter said.

The death toll in China from the newly identified virus, which emerged in Wuhan, capital of the central province of Hubei, has risen to 361 as of Sunday.

China seeks U.S. flexibility on some promises in the Phase 1 trade deal: Bloomberg reporter
 

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Comments (2)
Ng Zen ng
Ng Zen ng Feb 03, 2020 10:55AM ET
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Big bro should render assitance . Teamwork make dreamwork
John doh
John doh Feb 03, 2020 10:48AM ET
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that would have happened anyway since there was no way china could have done or intended to do it's part in phase I , but now they have the perfect excuse so why not use it only 2 weeks after the deal was signed. The market rose 20% on this empty deal, it didn't fall back on the virus whose effects are worse than what the trade war could have caused and it won't fall even thou the deal will be revealed as empty deal with no content except as plasibo for the trade war.
ian manro
ian manro Feb 03, 2020 10:48AM ET
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there is no trade deal mate. that is a joke. what trade deal?the most powerful presiden in the world signing a piece of paper with some deputy from China? that was signed for his voters only. it has no binding at all
Xin Zhang
Xin Zhang Feb 03, 2020 10:48AM ET
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you are god ***right, man! People can't see it, the deal is so bad for China so it is nearly impossible to be executed. The only positive thing is, Trump stopped that waving tariff club for the moment, and yet, the market priced in at least nearly 20% growth. This virus outbreak is going to very likely halt the manufacture activities and service industries in the heavily populated coastal cities! The worst consequence is not imaginable, corporate debt default, financing market crash, job loss. If China tumbles, it drags the US and Germany for sure!
Simina Robert
Simina Robert Feb 03, 2020 10:48AM ET
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Xin Zhang And if US and Germany goes down ,so is the world ,global recesion!
 
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