The Straits Times says

A fragile truce in the trade war

By agreeing to a 90-day truce in the trade war between their countries on the sidelines of the Group of 20 summit in Buenos Aires over the weekend, US President Donald Trump and his Chinese counterpart Xi Jinping have pressed the "pause" button.

But there is little assurance that the hostilities will not resume thereafter. It is certainly a matter of relief that the United States has agreed to refrain from raising the tariffs on US$200 billion (S$274 billion) worth of Chinese imports from 10 per cent to 25 per cent from next month, which would also forestall Chinese retaliation.

TO READ THE FULL ARTICLE

Thank you for reading The Straits Times

You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.

What is Premium?

A version of this article appeared in the print edition of The Straits Times on December 06, 2018, with the headline 'A fragile truce in the trade war'. Print Edition | Subscribe