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"Meanwhile, Britain had extorted by the Anglo-Chinese Opium War major trade concessions in East Asia, including a lease on Hong Kong. American (chiefly New England) shipowners and merchants worried that they would now be excluded from the lucrative China trade they had cultivated since 1784. To forestall any such development, Webster's close associate, Caleb Cushing . . . negotiated in 1844 the Treaty of Wanghai, by which the Chinese Empire accorded the United States most-favored-nation status in trade."

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