Trump Xi

Chinese state media reiterated Monday that an interim trade agreement wouldn’t mark the end of its tit-for-tat economic dispute with the US.
The comment underscored key issues that remain unresolved between the two sides, even as they prepare to sign the phase-one deal.
Unresolved issues include the subsidies and cheap loans China awards to its businesses, which American officials and executives argue distort the global market.
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Chinese state media reiterated Monday that an interim trade agreement wouldn’t mark the end of its tit-for-tat economic dispute with the US, underscoring key issues that have been left unresolved between the two sides.

“We must bear in mind that the trade war is not over yet – the US hasn’t revoked all its tariffs on China and China is still implementing its retaliatory measures,” Taoran Notes, an influential social media account affiliated with China’s state-run Economic Daily, said. “There are still many uncertainties down the road.”

The US and China are set to sign a so-called phase-one agreement in Washington on Wednesday, a de-escalation that has been widely sought after around the globe for more than a year. It was announced in October but the final 86-page text, which was …read more


Source:: Businessinsider – Finance

      

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