After two days of intense negotiations from the United States and China, they reached an agreement in the early hours of Wednesday in London and lifted some “harmful” measures used in the recent trade dispute of the two countries. However, Ana Swanson of the New York Times reports that it remains unclear whether this truce will last – or collapse as it happened with a similar agreement made in May. While explaining that even if the deal proves to be durable, its greatest achievement seems to be simply the restoration of countries to the situation before Trump increased tariffs on Chinese products in April. The deal in China is expected to relax the restrictions on mineral exports, which had threatened to destroy a number of US industries. The United States, in turn, will relax the new restrictions imposed on their own technology and products exports, but also withdraw threats […]
Source: News Beast
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