He said the final deal would be so large that it made sense to do it in sections.
But many of the most difficult, structural issues remain unresolved, leading to criticism from China hawks who wanted the US to hold out for a more comprehensive agreement. Derek Scissors, a China expert at the American Enterprise Institute, described the deal as "basically some purchases and a bunch of fluff".Investors, however, were delighted by the progress. The Dow Jones industrial average jumped by 320 points on Friday following the news.
Trump said China had agreed to better protections for US intellectual property but no details on that subject have been released.Treasury Secretary Steven Mnuchin said discussions were "almost complete" on a pact to curb Chinese currency manipulation. The US designated China as an official currency manipulator in August and that status remains in place."But there is a significant amount of work to do."joined other ex-leaders on Saturday to call for an urgent end to the United States-China trade conflictThe US National Retail Federation welcomed the announcement but said it wanted to see all the tariffs to be lifted.
KnottMatthew Is this the ‘yet to be signed, working on an agreement, phase one of a zillion, can still be cancelled, skinny deal’ breakthrough? FFS the market has priced in a trade deal 200 times and it still soars on nothing meetings and fake headlines. Wake up people.
KnottMatthew . Meanwhile, NSW Labor adopts a “one country, two systems” party donations policy. auspol china