A partial US-China deal may only offer a temporary tariff reprieve because it lacks specifics and leaves the thorny issues for later, analysts said, allowing both economic powers to claim success. Friday's initial agreement -- which included increasing US farm product purchases, and also covers
1 / 4A new initial deal between America and China finally breaks an 18-month trade spatA new initial deal between America and China finally breaks an 18-month trade spat A partial US-China deal may only offer a temporary tariff reprieve because it lacks specifics and leaves the thorny issues for later, analysts said, allowing both economic powers to claim success.
"The lack of specificity and even the fact this baby stepped agreement could take weeks to iron out, quickly cooled trader optimism," said Axi Trader analyst Stephen Innes. Trump said China had pledged to rapidly increase purchases of American farm products to $40-50 billion -- a stunning feat, and more than double 2017 levels."Substantial progress had been made in such areas as agriculture, intellectual property rights protection, exchange rate, financial services, expansion of trade cooperation, technology transfer and dispute settlement," state-run Xinhua news agency reported citing Liu He, the country's top negotiator.
But to get there, the two sides need to address issues such as scaling back Chinese government subsidies that have skewed competition, and opening up sectors dominated by state-owned enterprises .
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
U.S., China Reach Partial Trade Deal, Boosting Market Back Near-Record HighsThe market soared following the U.S. and China partial trade agreement news by skleb1234
Weiterlesen »
U.S., China reach partial trade deal: reportThe U.S. and China reached a partial trade agreement Friday that could help lead to a truce in their trade war and lay the groundwork for a broader deal,...
Weiterlesen »
US-China agree to partial trade deal as Trump suspends October tariff hikeAs part of the initial deal, Beijing has agreed to limited measures that could see better ties between the two countries while the US will suspending a tariff hike that was due to take effect on Tuesday.
Weiterlesen »
The US and China reportedly reach a partial trade agreementBut progress toward the structural changes President Donald Trump has sought from China remained elusive.
Weiterlesen »
U.S., China Reach Partial Trade Deal, Boosting Market Back Near-Record HighsThe market soared following the trade news on Friday.
Weiterlesen »
Trump announces partial deal with China, but comprehensive solution still looks far offAfter two days of high-level trade talks, Trump agreed to a mini-deal with China that includes more Chinese farm purchases in exchange for tariff relief.
Weiterlesen »