A détente hashed out over dinner in Argentina between President Donald Trump and his counterpart Xi Jinping represents a mini-breakthrough for an exceedingly tense relationship. The United States no longer plans to increase levies on Jan. 1 from 10% to 25% on US$200 billion ($274 billion) of Chinese imports. In exchange, China will purchase a “very substantial amount” of agricultural goods and other products from the United States.
WASHINGTON (Dec 3): The trade-war ceasefire between the United States and China leaves many booby traps for investors.
Both countries will put new tariffs on hold while the People’s Republic vows to buy more American goods and makes other concessions. Despite the upbeat tone, there are plenty of ways for things to blow up.
