U.S.-China relations will remain tense, says former American ambassador

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There will be little progress in the phase one trade deal ahead of the U.S. presidential election in November, former U.S. ambassador to China Max Baucus said on Tuesday. President Donald Trump signed the partial trade deal with Beijing in January, but the coronavirus pandemic has since hammered China’s economy. There are now doubts if the Asian giant will be able to fulfill its commitments to large purchases agreed to in the deal. These “odds are diminishing,” said Baucus, who served as ambassador to China from February 2014 to January 2017, under former President Barack Obama’s administration. According to a...