China’s President Xi Jinping and his U.S. counterpart Donald Trump appear to be operating on vastly different time scales when it comes to bilateral economic relations.

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The BIT “could be a natural vehicle for a ‘grand bargain’ that goes far in resolving several long-standing areas of tension in the economic and political relationship,” said Nate Olson, director of the Trade in the 21st Century Program at the Stimson Center in Washington.

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