The US and China reached a ‘trade truce’ on the margins of the G20 summit this weekend, but existing tariffs remain in place. And we are only a tweet away from more Trumpian upheaval. The US and China leaders agreed on a truce during their much-anticipated meeting at the G20 summit in Osaka this weekend. Bilateral trade talks will restart. Trump put to bed the threat of additional tariffs, although the existing tariffs...
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The US and China reached a ‘trade truce’ on the margins of the G20 summit this weekend, but existing tariffs remain in place. And we are only a tweet away from more Trumpian upheaval.The US and China leaders agreed on a truce during their much-anticipated meeting at the G20 summit in Osaka this weekend. Bilateral trade talks will restart. Trump put to bed the threat of additional tariffs, although the existing tariffs on roughly half of Chinese imports will stay at 25%. Importantly, Trump...
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Actions by the Trump administration may well represent a ‘regime shift’ in terms of US tariff rates.Perhaps the main regime shift that has occurred during the Trump presidency is in US trade policy. More than tax policy, this is an area where Trump could mark the clearest break – although economic historians often point out that the US economy’s rise to global dominance in the 19th century owed a lot to protectionism.Still, the trend since World War 2, and even more since the end of the Cold...
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