Under political pressure to take a hard line against China for its crackdown on Hong Kong, President Trump instead is planning to impose relatively mild new sanctions on visas and Chinese access to the global financial system. Trump’s response is expected to leave intact the U.S.-China trade deal that he agreed to in January, at least for now. Under the so-called Phase 1 deal, China committed to buying $200 billion more goods from the United States over the next two years, a top political priority for Trump. |