FAST FIVE: "A Fragile Truce": Here's What's In Trump's "Big Beautiful Monster" Of A Trade Deal
Rather than ending trade tensions with Beijing, the “hard fought” agreement will help establish a “fragile truce” between the world's two largest economies, the FT reports.
Indeed, many feel like the only reason we're even getting a deal is thanks to escalating anxieties about slowing growth (in Beijing) and worries about a major market selloff heading into November (in Washington).
” This is not a free trade agreement,” it told supporters in a memo last month.
And some analysts are already singing Trump's praises.
If not, fear not: speaking on CNBC, Steven Mnuchin said that a Phase 2 deal could come in multiple steps, such as 2A, 2B, 2C and so on.