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Kurt Campbell, chairman and chief executive of The Asia Group, said he expects the U.S. and China to reach a trade agreement in the next four to six weeks. But, having a trade deal will do little to improve relations between the U.S. and China over the longer term, Campbell said.

China has reportedly offered to buy more U.S. products in the coming years in order to reduce the imbalance in trade of goods between the two countries. But that move concerns itself with a metric — the balance of bilateral trade — that doesn’t accurately reflect how economies are gaining or losing from those interactions, […]