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U.S.−China Trade Deal: A Temporary Reprieve

From blog.pimco.com

It feels like we have come a long way from late summer when President Donald Trump referred to President Xi Jinping as the “enemy“ of the U.S. Indeed, on 11 October, upon a handshake agreement that included a promise by China to buy more U.S. agricultural products and a promise by the U.S. to freeze tariff rates at 25% on $250 billion of Chinese goods, Trump described the U.S.–China relationship as a “love fest.” Without pouring water on the love fest, we contend that the deal struck between China and the U.S. leaves much to be desired. True, it represents a welcome reprieve in the escalating tit-for-tat of the past ... (full story)

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  • Category: Fundamental Analysis