On the face of it last week’s signing of a ‘phase one’ agreement between the US and China is more of a truce than a substantial trade deal, though that is no less welcome given the two years of escalating tariffs between the two countries, which has affected a range of industries, including automotive…
On the face of it last week’s signing of a ‘phase one’ agreement between the US and China is more of a truce than a substantial trade deal, though that is no less welcome given the two years of escalating tariffs between the two countries, which has affected a range of industries, including automotive. The ‘Economic and Trade Agreement between the United States of America and the People’s Republic Of China’ aims to arrest the increase of tariffs imposed on Chinese goods under the US Trade Representatives Section 301 investigation, not the Section 232 investigation covering automotive.
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