After two days of tense discussions, U.S. and Chinese officials reached a tentative agreement in London early Wednesday to ease certain retaliatory economic measures. This agreement might prevent an imminent economic showdown but raises a critical question: What has genuinely changed since President Trump’s controversial tariffs on Chinese goods began escalating in early April?
China and U.S. Step Back from Trade Conflict: A Temporary Agreement?
China and U.S. Step Back from Trade Conflict: A Temporary Agreement?
The recent trade negotiations between the U.S. and China lead to doubts about any substantial progress in resolving ongoing tensions.
In the light of this new “deal,” some analysts argue that no meaningful advancement has been achieved. “It feels like we’re just going in circles,” stated Myron Brilliant, a veteran trade advisor. Despite the talks, current tariffs are set to remain unchanged, casting further uncertainty on the deal’s longevity.
Under the agreement, China is anticipated to ease export restrictions on essential minerals, crucial for American manufacturers, while the U.S. would reciprocate by lifting some of its recently imposed tech export limits and re-evaluating the proposed visa restrictions on Chinese students.
Under the agreement, China is anticipated to ease export restrictions on essential minerals, crucial for American manufacturers, while the U.S. would reciprocate by lifting some of its recently imposed tech export limits and re-evaluating the proposed visa restrictions on Chinese students.
