a "Phase One" trade deal with China that cooled trade tensions between the world's two largest economic powers and rolled back some tariffs imposed on Chinese goods. But the US still left $360 billion of them locked into place.
Under the agreement, China would buy $200 billion of US goods and services over the next two years. The amount of purchases would gradually continue scaling upward. Still, analysts were skeptical of the deal's terms. "We think it is highly challenging for China to import $200 billion more goods and services from the US over the next two years without reducing imports from elsewhere," UBS analysts said in January.
The development could also further hurt farmers who have lost billions in agriculture sales to China as a result of the trade war. Agriculture secretary Sonny Perdue said in late January that with Beijing expected to ramp up purchases, it's no longer necessary to extend the lifespan of a bailout program for farmers,
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Coronavirus is dramatically changing food consumption in China — here's how - Business InsiderCoronavirus is changing food consumption in China. A food-delivery giant is witnessing larger orders and a demand for contactless delivery. I thought change of what they consume,,, but it's only change of delivery system
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »
Adidas sales plunge 85% in China as coronavirus ravages demand - Business InsiderThe German sportswear giant said it couldn't estimate the overall impact of the fast-spreading illness on its business this year.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »
Europe reveals its ambitious tech blueprint to take on Silicon Valley and China - Business InsiderEurope's wide-ranging proposals could spell more regulation for big US firms, who have already been fined billions by the EU. good luck Work for a French tech company just once, and you'll know how laughable this is.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »
Europe reveals its ambitious tech blueprint to take on Silicon Valley and China - Business InsiderEurope's wide-ranging proposals could spell more regulation for the big US firms that have been fined billions of dollars by the European Union. ΗΑΗΑΑΗΑΗΑΗΑΗΑΗΑΗΗΑ
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »
LendingClub becomes first fintech to acquire US bank - Business InsiderLendingClub is poised to become the first fintech to buy a US bank in a $185 million deal one analyst called 'amazing news' — here's why it's so transformative
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »