‘Amazing deal’ or ‘capitulation’? Why the US-China trade truce may not last
Donald Trump hailed the agreement, but others think it masks a process of deglobalisation as the two superpowers struggle for hegemony The trade war between the US and China may never be settled, experts fear, even after the two sides agreed on an outline phase one deal. Economists and investors have been poring over agreement would also require China to make structural reforms and other changes to its economic and trade regime in the areas of intellectual property, technology transfer, agriculture, financial services, and currency and foreign exchange. In exchange,…
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