onsdag 1. januar 2020

Sara Hsu on the US-China Trade War: A preliminary deal may be on the way, but neither side can truly declare victory.

On December 13, the United States and China both issued separate announcements outlining their “phase one” trade deal. It was the latest twist in the so-called “trade war,” which has been underway for over a year-and-a-half following U.S. President Donald Trump’s initial announcement of tariffs on Chinese exports to the United States. Since then, we have seen trade talks start and stop, and deals made and scrapped; the one constant has been the climbing tit-for-tat tariffs imposed by both sides.