U.S.-China Deal Eases, But Doesn’t End, Business Uncertainty

The limited deal, announced by officials in both countries on Friday, would halve a 15% tariff the U.S. slapped on $120 billion worth of Chinese-made goods on Sept.

1, including apparel, shoes and accessories. It would also cancel a 15% tariff on $156 billion of goods—including smartphones, laptops and toys—set to take effect Sunday.

The hilarious thing is that US and China are gonna CRAWL back to how things were before Trump begun his tariff war with that country. The only thing that is going to 'change' is supposedly that China will make some concessions. But I seriously doubt the US won't make them as well

Argentina and Brazil have replaced American farmers. Trump’s fine done much damage, that may never be repairable.

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Fonte: CNBC - 🏆 12. / 72 Leggi di più »

Asian stocks jump as an initial US-China trade deal moves closer toward realityAn update on a likely US-China trade deal: Asian stocks popped on news that negotiators have reached in principle an initial 'phase one' agreement, which could delay another round of US tariffs. 'Agreed in principle'. What does that mean in the real world?
Fonte: CNN - 🏆 4. / 95 Leggi di più »