China Emerges With Wins From U.S. Trade Truce
China is emerging with wins in this week’s trade talks, with the U.S. shelving new tariffs against Beijing while leaving many demands to be worked out later in return for an assurance of increased agriculture purchases, report Chao Deng and Lingling Wei at The Wall Street Journal.
The two countries took an initial step Friday to cement a trade agreement that had been derailed for months. President Trump said the U.S. would call off planned tariff increases on Chinese goods next week while Beijing would buy $40 billion to $50 billion worth of American agricultural products — which China hasn’t publicly confirmed. A bigger trade deal will come over time in three stages, according to Mr. Trump, with more divisive issues to be addressed later. These include Chinese practices that the U.S. alleges but Beijing denies, such as forced transfers of U.S. technology to its economic rival.