China was still closed and outside of the trading system. The largest developing country with manufacturing exports was Taiwan. When China joined the United Nations in October 1971, Taiwan was no longer listed in the reports on world trade in manufacturers.

The deal amounts mostly to a rollback to the state of affairs before Trump began his trade war, except that Americans will still pay a tariff rate of 55 percent on goods from China (compared to China...

The Starmer administration has come under political pressure at home over the speed of implementation of the agreement, as well as facing claims from the UK bioethanol industry that the offer of a lar...