Via Capital Economics:
We seem to be moving towards an agreement between the US and China on trade. What would this mean for the global economy?
The finer points of the deal are still unclear, but it is likely to involve Beijing agreeing to increase its imports from the US in several areas (soy, oil, natural gas, wheat, corn etc.) in exchange for Washington removing the threat of a further increase in tariffs on Chinese goods and possibly rolling back those that have already been imposed over the past year. As things stand, it’s unclear whether some of the more thorny issues like enforced technology transfer will be tackled to any significant extent.
