News analysis

US-China phase one trade deal welcome, but is only a truce

PHOTO: AFP

WASHINGTON - After almost two years of a damaging trade war that has had ripple effects across the globe, a phase one agreement between China and the United States is set to bring a truce, with commitments by China to buy significantly more US produce and products.

While there is some concern that purchasing targets are set very high and the US may not even be able to supply that level of demand, the truce is good for the global economy - and for President Donald Trump politically.

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.