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Multiple Countries
RCEP Is Benefitting China, but Not ASEAN; Latter Gains US Market-Share
Macroeconomics
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26 Apr 2023 19:39
ASEAN's trade deficit with China nearly doubled in 2022 (1st year with RCEP implemented), as China's NTBs trumped tariff cuts. But China's surplus with the US shrank since 2019, ASEAN gaining there.
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