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Saturday, October 12, 2019

The US and China have reached a hollow partial trade deal.

https://www.washingtonpost.com/business/2019/10/11/us-stocks-poised-big-bounce-expectations-grow-us-china-trade-deal/

Nothing concrete is being announced except that China will buy more US agricultural products and the US will hold back the 15 October tariff but all the existing tariffs will still be in effect.

Therefore, this US-China trade truce is just a hollow deal and it can change anytime since Trump likes to flip-flop a lot.

Let's see how this will pan out in the future.

1 comment:

Eric Ho said...

https://sg.news.yahoo.com/trump-says-us-china-trade-051232063.html