Global Macro Service > Research Briefings > United States

Itsy-bitsy-teeny-weeny handshake deal with China

Following two days of high-level trade talks in Washington DC, Trump announced a “very substantial phase 1 deal” that would lay the foundation for a broader agreement later this year. But, behind the hype, this is nothing more than partial and ostensibly unsustainable deal lacking in real enforcement mechanisms. For businesses this will mean less damage, not greater certainty.

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