G20 Summit 2018: New North American free trade agreement - China-US trade spat resolution high on G20 agenda
The US has dropped steel and aluminum tariffs on Canada and Mexico. The tariffs had stood for just under a year and were part of a bitter trade dispute between the North American trading partners.
The US president has expanded tariffs against China, putting a trade deal in doubt. Is this an effort to gain more leverage in a potential final lap of trade talks or a reflection of genuine lack of progress?
Despite months of relative optimism over Sino-US trade talks, things have hit the skids in recent days with US tariff hikes on Chinese imports. Market reaction has been negative and all eyes are now on China’s response.
The G20 summit is supposed to focus on development and infrastructure. But Jamal Khashoggi's death, the war in Yemen, a US-China trade war and the Russia-Ukraine conflict are also expected to be major talking points.
© 2019 Deutsche Welle |
Legal notice |
| Mobile version