søndag 7. juli 2019

US-China trade war: ignore the hype, Trump and Xi are no closer to a deal, even if they are ‘friends’

The accord signed between Chinese President Xi Jinping and US President Donald Trump at the G20summit in Osaka is not a deal, even if it does offer some hope the two leaders might one day achieve an agreement.

Much has been made about the “breakthrough” at their high-stakes meeting, when the pair agreed to resume the negotiations that had fallen apart in May, bringing to an end a months-long impasse.But while the truce may have prevented the tit-for-tat tariff war from escalating into a full-blown trade war, and saved China-US relations from deteriorating further, little has changed from the last time they met.