The US – China trade phase one deal, What’s it worth?

//The US – China trade phase one deal, What’s it worth?

The most repeated part of the deal is China agreeing to increase its imports from the US by US$200bn in two years’ time. The question is whether it is really feasible to create additional demand for US goods equal to US$150 per Chinese citizen over the next two years. Especially as the growth of the Chinese economy is structurally on a downward trend and authorities want to continue the fifteen-year trend of declining import growth. Furthermore, President Trump pledged during the ceremony to halve the additional tariffs it imposed as part of the trade war to 7.5 percentage points on some US$120bn worth of imports … (full story)

2020-01-16T12:07:51+00:00