China and the United States have reached a trade deal to suspend new U.S. tariffs on Chinese goods due to take effect Sunday, reduce some of the existing tariffs and increase Chinese purchases of U.S. farm products. There’s still a lot more work to be done, but this initial deal could provide some relief in the ongoing trade war between the world’s two largest economies.
CGTN’s Sean Callebs has more in this report.
To discuss all of this:
- John Gong is an Economics Professor at Beijing’s University of International Business and Economics.
- Yan Liang is an associate professor of economics at Willamette University.
- James Moore is founder and CEO of the Washington Institute for Business, Government and Society
- Saruhan Hatipoglu is CGTN’s Global Economics Analyst and the CEO of BERI.
China said it agreed to an initial trade deal with the U.S. that would roll back some tariffs, a major de-escalation in the trade war https://t.co/mGjqc7q36e
— NYT Politics (@nytpolitics) December 13, 2019
China, U.S. agree on text of phase one trade deal #ChinaUS
read more: https://t.co/75eWqDsri9
— CGTN (@CGTNOfficial) December 13, 2019
— Reuters (@Reuters) December 13, 2019