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Why a US-China Tariff Ceasefire Is Coming Soon
The meeting between US President Donald Trump and China’s President Xi Jinping at the G20 summit in Buenos Aires this week is being viewed as a make-or-break moment for the world economy and financial markets. But even if no agreement is reached at the summit, there are at least four reasons to expect a de-escalation of the US-China tariff war. The first, paradoxically, is the recent shift in US rhetoric away from a focus on American jobs to the explicitly Sinophobic objectives of “containing” China and preventing it from developing into a technological power that could challenge US global hegemony. Now that Xi ... (full story)
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