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US-China deal eases trade war damage but leaves fundamental issues unresolved

https://web.brid.gy/r/https://news.bomboradyo.com/us-china-deal-eases-trade-war-damage-but-leaves-fundamental-issues-unresolved/?utm_source=rss&utm_medium=rss&utm_campaign=us-china-deal-eases-trade-war-damage-but-leaves-fundamental-issues-unresolved

<p><strong>AFTER</strong> months of tensions, U.S. President Donald Trump and Chinese leader Xi Jinping have agreed on a trade deal that rolls back some of the damage caused by the U.S.-China trade war.</p>

<p>While hailed by Trump as a “roaring success,” analysts say the agreement largely restores the status quo rather than delivering major gains for either side.</p>

<p>Three-digit tariffs are off the table, but import duties between the two nations remain higher than they were in January.</p>

<p>Rare earth materials will flow more smoothly, though China has implemented an export permitting system that it can tighten or relax as needed.</p>

<p>Port fees will be suspended, but only for one year. Beijing has also resumed purchasing U.S. soybeans after previously cutting off American farmers abruptly.</p>

<p>Economist Eswar Prasad of Cornell University noted, “It is hard to see what major gains the U.S. has made in the bilateral relationship relative to where things stood before Trump took office.”</p>

<p>On the Senate floor, Minority Leader Chuck Schumer criticized the deal, saying it leaves the U.S. “no better off” and highlights the disruption caused by Trump’s trade war.</p>

<p>“He started a trade war, created a giant mess for businesses, consumers, and soybean farmers, and then he celebrates for trying to clean up the very mess he created in the first place,” Schumer said.</p>

<p>Despite criticism, the deal has introduced a measure of stability, giv

Mỹ - Trung đạt đồng thuận thương mại tại Busan: Tạm dừng trả đũa, giảm thuế, hợp tác chống fentanyl sau cuộc gặp Trump - Tập. Tín hiệu hạ nhiệt căng thẳng kinh tế toàn cầu. #USChinaTrade #MyTrungThuongMai #DeEscalation #FentanylCooperation #BusanSummit

https://vtcnews.vn/my-trung-dat-dong-thuan-thuong-mai-tam-dung-tra-dua-ar984166.html

Japanese Prime Minister Shigeru Ishiba will visit South Korea from September 30 to October 1 for a summit with President Lee Jae-myung in Busan, marking the first regional bilateral summit in 21 years and signaling renewed shuttle diplomacy between the two nations.
#YonhapInfomax #ShigeruIshiba #LeeJaeMyung #SouthKoreaJapanSummit #ShuttleDiplomacy #BusanSummit #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=83686

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