How the fragile US-China trade truce is unraveling
https://www.dw.com/en/how-the-fragile-us-china-trade-truce-is-unraveling/a-72755224
Posted by 1-randomonium
How the fragile US-China trade truce is unraveling
https://www.dw.com/en/how-the-fragile-us-china-trade-truce-is-unraveling/a-72755224
Posted by 1-randomonium
2 comments
The US-China trade war is currently in a 90-day ‘pause’ but hostilities are far from over. Because the US has some major demands that China is unlikely to concede on, namely
1. Faster approvals for the supply of rare earth minerals, which China has a near-monopoly on, with which it is squeezing America
2. Decreasing China’s $295 billion trade deficit with the US by buying more American products
3. Further economic reforms and an end to the manipulation of the Chinese yuan, which is kept artificially low to help boost exports
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