For Trump, Resolving US-China Trade Fight Comes at a Cost

President Donald Trump speaks during a bill signing ceremony in the East Room of the White House on June 12.

Photographer: Al Drago/Bloomberg

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President Donald Trump is hailingBloomberg Terminal the latest trade framework with China as a game-changing breakthrough. Yet the deal he touted Wednesday represents little more than a reset back to earlier terms — and even that came at a cost.