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US, China Extend 'Pusan' Trade Agreement to Jan 2026
InterfaxLO·US · CN·about 18 hours ago
The Trump administration, like prior U.S. governments, is finding it difficult to pressure China over its excess industrial capacity, which continues to drive a surge in Chinese exports. The article suggests that despite tariffs and rhetoric, the U.S. has limited effective tools to force Beijing to curb output, underscoring a persistent structural challenge. This matters because it signals potential continued pressure on global manufacturing and trade dynamics, with implications for U.S. industry and trade policy.