The U.S. has begun investigating China's implementation of the Phase One trade agreement. The Office of the United States Trade Representative has officially launched a 'Section 301 investigation' into China's Phase One trade agreement. Interpretation: The U.S. announcing the restart of the 301 investigation suggests that it believes China has not fully fulfilled the Phase One agreement, such as commitments on purchases, intellectual property, market access, etc. This could pave the way for a new round of tariff increases or trade sanctions, signaling an escalation in trade tensions. It could also be a move to pressure China ahead of the October 30 meeting with Xi Jinping. This article is sponsored by Bitget ｜ @Bitget_zh