Global Macro Service > Research Briefings > China

Phase One deal positive, but no big concessions made

The ‘phase one’ trade deal between the US and China will delay additional US tariffs planned to be implemented on 15th October, with China promising to increase purchases of US agricultural products, as well as concessions on areas such as intellectual property and the currency. However, details are sparse and the limited agreement still fails to address the wider disagreements around China’s industrial policies and the US ban on Huawei.

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