I disagree with the premise that both the USMCA and China trade negotiations maybe in jeopardy.
Trump knows that he needs one or both soon or it will become a huge issue in the Democrats campaigns.
Today he gave China a huge leverage. They can now say “ok Mr. President, we will start a Biden investigation but here is what we want on trade”. And in the end we will be get a China trade deal that will look a lot like the previous one, but it will have Trump’s name on it.

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