mandag 1. juli 2019

Despite Donald Trump and Xi Jinping’s G20 handshake, mistrust and disputes persist in US-China trade war

The meeting between Chinese and American leaders in Osaka may have pressed the pause button on their escalating trade war, but pundits on both sides remain doubtful about how long a ceasefire can avert a looming showdown between the two economic superpowers. In a make-or-break meeting on Saturday that stole the limelight at the Group of 20 summit in Japan, US President Donald Trump agreed with China’s Xi Jinping to resume trade talks while delaying new tariffs on Chinese imports.

In what appeared to be another concession, Trump made a surprise announcement at a press briefing after his 80-minute meeting with Xi that effectively backtracked on a US ban on exports to Huawei, China’s top telecoms company.