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I should have been clearer: Both sides (implicitly) agree not to write down any deal. They understand Trump will fill the silence with outlandish claims, delivering him a political win. And our trading partners are obliged to deliver nothing, giving them the economic win.
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I was just in Japan for two weeks, and learned a lot from talking Japanese policy wonks about the "strategic ambiguity" at the heart of the US-Japan trade deal, and what this reveals is -- and isn't -- in a number of the President's "deals."
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