The US-China trade truce is good news, but many issues haven’t been solved
One step forward, two steps back. That is how the US-China trade relationships have been developing over the past two years. The market has been positive about the reported deal between Washington and Beijing but if you look deeper, it looks rather like a little makeup than a complete overhaul. China will buy $50 billion worth of American agricultural products, which is almost 2.5 times more than it had been before the trade war started. The U.S. won’t yet increase the tariff to 30% from 25% on…
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