Monday, December 3, 2018

Trump only agreed to 'non-escalation,' so China still faces 'real economic consequences'

By CNBC, Nov. 09, 2018

Chinese President Xi Jinping and U.S. President Donald Trump may have agreed to put their bilateral trade war on pause, but that move is merely a "non-escalation rather than a ceasefire" between two of the world's largest economies, according to one strategist.

The agreement between the world leaders over dinner at the G-20 summit in Argentina does not address existing tariffs already set in motion, and that means continued pressure on China's economic growth, said Paul Kitney, chief equity strategist of Asia Pacific research at Daiwa Capital Markets.
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