What exactly does China get out of phase one trade deal with the US?

Analysts say pact reduces tensions and offers greater stability in trade relations

The two rivals reached a truce yesterday in their 18-month-long trade war that has rocked financial markets and put a dent in the global economy.
The two rivals reached a truce yesterday in their 18-month-long trade war that has rocked financial markets and put a dent in the global economy.PHOTO: AFP

On the surface, the freshly inked US-China trade deal may look like China has conceded a lot - what with its hefty commitment to purchase billions of dollars worth of American products and enforceable pledges to play fair.

In exchange, it got the Americans to roll back just a fraction of the punitive tariffs that the superpower rained on Chinese exporters, even though Beijing has repeatedly called for the complete removal of duties.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

A version of this article appeared in the print edition of The Straits Times on January 17, 2020, with the headline 'What exactly does China get out of trade deal?'. Subscribe