After more than two years of escalating tarrifs and a seemingly never-ending trade war, the US and China have agreed on a first step towards a truce. If it holds, it could be a boost for U.S. President Donald Trump in an election year. But who will benefit the most from this initial phase of a broader trade agreement? China has promised to open up its markets and buy more US goods. In exchange, the US will lift some tarrifs. Yet most will stay in place - and that's where the problems start.
Saturday, March 14, 2020
Who stands to gain or lose from US-China trade deal?
After more than two years of escalating tarrifs and a seemingly never-ending trade war, the US and China have agreed on a first step towards a truce. If it holds, it could be a boost for U.S. President Donald Trump in an election year. But who will benefit the most from this initial phase of a broader trade agreement? China has promised to open up its markets and buy more US goods. In exchange, the US will lift some tarrifs. Yet most will stay in place - and that's where the problems start.
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