April 22, 2020 11:30 AM

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US President Donald Trump threatens to terminate trade deal over coronavirus crisis

<span style="color: #222222;">United States President Donald Trump has threatened to terminate the trade deal with China, if Beijing did not honour its provisions in the wake of the Corona virus pandemic.<br />''<br />''The US-China Economic and Security Review Commission in a report said, China could invoke a clause in the agreement that allows for fresh trade consultations between the two countries in the event of a natural disaster or other unforeseeable event.<br />''<br />''China and the US in January signed Phase-1 of the trade deal as the world's two top economic powers move forward to end their bitter tit-for-tat two-year tariff war that had rattled markets and weighed on the global economy.      <br />''<br />''President Trump launched the trade war with China in 2018, demanding Beijing to reduce the massive trade deficit, which was  375.6 billion US Dollars in 2017.</span><br />

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