China Markets trade

China Announces Some Details Of Nine-Chapter ‘Phase One’ Trade Deal With Trump

The phase one deal contains nine chapters.

The phase one deal contains nine chapters.
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3 comments on “China Announces Some Details Of Nine-Chapter ‘Phase One’ Trade Deal With Trump

  1. So . . . cancel Dec 15 tariffs, 35-60% rollback of prior tariffs, increased Chinese ag purchases w/o hard target?

    Given USDCNY change (6.6 Jan 2018 to 7.0 now), that is effectively a nullification of prior tariffs, right? And no hard target means ag trade goes back to whatever makes commercial sense? So basically a return to pre-trade war status quo – except with continued uncertainty?

    Yes, looks like the US “won” that one 🙂

    • That’s the thing: what exactly did we “win” in this devastating charade? Given the impeachment my guess is that we “won” very little. Trump just had to get the deal done so HE could claim a “win”

  2. Sack Navarro or the great Ron Vara or Errant evapor. Whatever silly names he ascribes to.

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