Background

U.S. stimulus seen widening trade deficit that sparked Trump’s trade war with China

“Even if China ramps up buying under a trade deal signed with the US in January 2020, this would not be enough to offset the gravitational pull of the stimulus. The risk is that, with bilateral relations already at their lowest point in decades, a rapidly widening trade deficit adds more friction – especially if China falls short of buying targets agreed in the trade accord.”

[South China Morning Post]

LG, SK reach settlement in battery patent dispute

“At the same time, the two companies agreed to put an end to various legal disputes that had been underway, including a patent infringement lawsuit currently pending with the ITC. They also pledged a moratorium on additional legal action for the next 10 years.”

[Hankyoreh]

Singapore first to ratify RCEP trade agreement

“The agreement will enter into force 60 days after it has been ratified by at least six Asean member states and three non-Asean signatories and their instruments of ratification, acceptance or approval have been deposited with the Asean secretary-general, who has been designated as the depositary for the RCEP agreement. RCEP participating countries are targeting for the pact to enter into force on Jan 1 next year.”

[The Straits Times]

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