U.S.-China tariff truce: What investors need to know
A key aspect of the announcement is the establishment of a mechanism for ongoing discussions, reminiscent of the arrangement between U.S. Trade Representative Robert Lighthizer and Vice Premier Liu He during the first Trump administration, which led to the Phase One trade agreement.
But while this news is all positive, the current agreement is still just a pause, and specifics of a comprehensive deal remain unclear.
Future progress will likely be phased, starting with measures on fentanyl. U.S. officials will closely scrutinize China’s adherence to the Phase One agreement, demanding increased purchases of U.S. goods. Potentially contentious points include U.S. agricultural products, energy commodities, and strategic…
