Who stands to gain or lose from US-China trade deal?
US President Donald Trump has always said he will be tough on China, but now he has signed a trade deal with Beijing.
After more than two years of escalating tariffs and a seemingly never-ending trade war, the United States and China have agreed on a first step towards a truce.
If it holds, it could be a boost for President Donald Trump in an election year.
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But who will benefit the most from this initial phase of a broader trade agreement?
China has promised to open up its markets and buy more US goods.
In exchange, the US will lift some tariffs. Yet most will stay in place – and that’s where the problems start.
So, could this really be the beginning of the end of the trade war between the US and China?
Presenter:
Richelle Carey
Guests:
Dan Wang – Analyst for the Economist Intelligence Unit’s Access China Service
Hosuk Lee-Makiyama – Director of the European Centre for International Political Economy, and a former Swedish representative to the World Trade Organization
Phil Caruso – Member of the Defense Council at the Truman National Security Project and a former intelligence officer in the US Air Force