Who stands to gain or lose from US-China trade deal? | Inside Story
After more than two years of escalating tarrifs and a seemingly never-ending trade war, the US and China have agreed on a first step towards a truce.\nIf it holds, it could be a boost for U.S. President Donald Trump in an election year.\nBut who will benefit the most from this initial phase of a broader trade agreement?\nChina has promised to open up its markets and buy more US goods.\nIn exchange, the US will lift some tarrifs. Yet most will stay in place – and that’s where the problems start. \nSo, could this really be the beginning of the end of the trade war between the US and China?\nPresenter: Richelle Carey\nGuests\nDan Wang, analyst for the Economist Intelligence Unit’s Access China Service.\nHosuk Lee-Makiyama, Director of the European Centre for International Political Economy and a former Swedish Representative to the World Trade Organization.\nPhil Caruso, Member of the Defense Council at the Truman National Security Project and a former Intelligence officer in the US Air Force. \n\n- Subscribe to our channel: http://aje.io/AJSubscribe \n- Follow us on Twitter: https://twitter.com/AJEnglish \n- Find us on Facebook: https://www.facebook.com/aljazeera \n- Check our website: https://www.aljazeera.com/
China begins to doubt trade deal
Chinese officials doubt the possibility of reaching a long-term trade agreement with Washington and US President Donald Trump.
Beijing said it will not budge on the most pressing issues in the clauses of the treaty.
Officials are also worried about Trump’s impulsive nature and the risk that he may even backtrack on the interim deal that both sides are looking to sign in the coming weeks..
Earlier this month, the US president announced that China had agreed to increase its agricultural purchases to $ 50 billion.
It is also known that China wants to continue negotiations, but is in no hurry to immediately remove the existing duties.. In order to progress in the dialogue between the parties – Beijing plans to postpone additional tariffs on goods from the United States, which should take effect on December 15.
On the eve of China released its production figures for October, which fell to the lowest level since February, amid falling export orders.