FAST FIVE: Phase 1 Trade Deal "Stops Bleeding," Does Not Resolve Trade War, Says US Chamber Of Commerce
Phase 1 Trade Deal “Stops Bleeding,” Does Not Resolve Trade War, Says US Chamber Of Commerce President Trump is expected to sign a Phase 1 trade agreement with China this week that “stops the bleeding” but is no resolution to the trade war, a senior US Chamber of Commerce official said on Monday, quoted by Reuters.
Brilliant said he's been briefed on the text of the trade deal but hasn't been allowed to view it.
China hasn't publicly made any commitments to the US demands – as we've mentioned, hard commitments could be a difficult target for China to meet.
The Global Times said Sunday that the upcoming trade deal between the US and China would cover agriculture purchases to intellectual property rights (IPR) to enforcement mechanisms.
A full resolution of the trade war could take years. Tyler Durden Mon, 01/13/2020 – 08:35 Tags Business Finance.