The US-China trade deal has cooled down before the storm

The markets breathed a sigh of relief after the signing of the “first phase” agreement between Washington and Beijing last Wednesday. But this deal is only a truce in a battle that is likely to resume after the November elections. In his article published by the Washington Post, the author, Henry Olsen, said that both countries have good reasons for calling for an end to the trade war temporarily. Chinese growth has slowed dramatically to its lowest level in nearly thirty years, and car sales have fallen more than 8% over the past year, along with a decrease of 3% in 2018.
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