US began trade war with no clear idea of its aims, and it seems will end it in same way
If little has been achieved when leverage was at its highest, even less is going to be achieved once that leverage is ratcheted back down
After almost two years of tariffs, counter-tariffs, meetings, bad-tempered tweets, and back room manoeuvrings, we may finally be on the brink of the first part of a hoped-for trade deal between the US and China. It wasn’t worth it.
President Donald Trump has signed off on an agreement to de-escalate his conflict with Beijing, people familiar with the matter told Bloomberg News. Discussions will focus on the US reducing tariff rates on Chinese imports by as much as half and delaying pending ones, while Beijing will agree to purchase US farm products and do more on intellectual-property theft, officials said...