Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.
As part of this partial deal, China will purchase between $40 billion and $50 billion worth of U.S. agricultural products. It will also address intellectual property and financial services concerns, Trump said."It doesn't look like a huge stretch on either side, and I think China's harder stance, and hunkering down on its position hasn't really changed either," he continued.
While this first-stage deal is called a deal, it does not remove the existing tariff burden on US-China trade or reduce the uncertainty faced by businesses in future US-China relationship.Last week, the U.S. Department of Commercefrom doing business in the United States. Analysts say there's still a risk that going forward, the next phases of negotiations could abruptly break down — like they did earlier this year.
Tuntono said the finalization of this first-stage deal could still be disrupted when it's being drafted. "Further negotiation for the second-stage and other agreements can still be stalled with tariffs reinstated," he added.. If true, the potential battle could lead to a "high risk of financial decoupling" and cannot be ignored, according to the ANZ economists.
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