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The trade war between the United States and China has been notoriously increasing and in fact, this has deep-rooted consequences. There have been quite a few who have also been affected by this war. Which for U.S. President Donald Trump is necessary and is worth it for his nation to come out victorious.
In this way, this has been news in the world that has been in many headlines. The war has been reaching a point never before seen. However, it could cease. Being that way, a series of key elements that will be included in the contours of a possible agreement. Since Donald Trump’s pronouncement of a delay in a planned increase in tariffs on Chinese imports, citing “substantial progress” in negotiations with Beijing over the weekend has raised the expectation that an agreement to end the commercial war.
Possible agreement
According to Trump, the talks were in “advanced stages” and that the final details would be resolved at a new summit with Xi Jinping, the Chinese president, at Trump’s Mar-a-Lago resort in South Florida. If in this way this is true, what would that agreement be like? In recent weeks, while Robert Lighthizer, the US commercial representative and Liu He, the Chinese vice premier, clashed in the talks, the contours of a possible agreement, which will be presented in a binding document, will be gradually configured.
However, there is a risk that such negotiations may fail at the eleventh hour. However, if this agreement is achieved, it would have benefits for both nations in addition to those companies that have been affected by this economic war.
Therefore, if this agreement is announced, it is likely that Trump will call it the most complete trade agreement ever reached with China. But at present, without full details of China’s specific promises and how they would stand, it is also very possible that the agreement ends up being quite limited and breaks little ground in the economic relationship.
Source: James Politi | The Financial Times
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