Trump’s China tinkering won’t end the trade war
The recent summit between Donald Trump and Xi Jinping did not lead to significant changes in the ongoing trade war between the US and China. Although both leaders announced the creation of boards for trade and investment, the agreements reached were vague and limited in scope. The deals made, including soybean purchases and Boeing orders, are unlikely to bring lasting resolution to the trade tensions.
- ▪Trump and Xi agreed to create boards of trade and investment, but the agreements are limited and vague.
- ▪China's commitment to buy $17 billion worth of soybeans and 200 Boeing planes falls short of expectations.
- ▪The summit was more of a photo-op than a substantial restructuring of the trade relationship.
Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.