More turbulence lies ahead in the trade wars

More turbulence lies ahead in the trade wars

Defying expectations, the United States and China have announced an important agreement to de-escalate bilateral trade tensions after talks in Geneva, Switzerland. Here are the good, the bad and the ugly: The good news is their recent tariff increases will be slashed. The US has cut tariffs on Chinese imports from 145% to 30%, while […] The post More turbulence lies ahead in the trade wars appeared first on Asia Times.

Trade wars – let's swallow another pill - The Loadstar

Tariff truce a market ‘game changer’, Reuters reports, echoing similar coverage from the press in the past 24 hours. That’s right, we all feel soooo muuccchhhhh relieved, folks. Although, in one picture… … if we rewind to early March up to 5 April, we are left wondering why the heck all that happened actually had to happen. (And we talked in March about the Trump Trade boomerang, and ‘The vanity of appearances‘ in February, ... The post Trade wa…

Will the Trade War De-Escalate After the Latest Deal?

The US and China have made a breakthrough in the latest trade deal. Could permanent de-escalation be underway? The US and China have reached an agreement to remove most tariffs imposed since April 2 for 90 days following negotiations over the weekend in Geneva, Switzerland. According to a joint statement, the US will lower its overall tariffs on Chinese goods from 145 percent to 30 percent while China will cut American import tariffs from 125 pe…