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US elections 2020

Eyes on Biden's TPP move as China joins mega trade deal RCEP

Early US return seen unlikely as Democrats prioritize 'American competitivenss'

TOKYO/NEW YORK -- Talking about trade last year, then-U.S. presidential candidate Joe Biden warned that "either China's going to write the rules of the road for the 21st century on trade, or we are."

The president-elect will have to act quickly upon taking office, after China and 14 other Asia-Pacific countries banded together Sunday to sign the Regional Comprehensive Economic Partnership agreement, creating the world's largest tariff-free trading bloc.

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