China hails an initial trade deal with the US to roll back some tariffs but now financial markets are worried the deal could fall apart
China and the US appear to have different views on the details of a still-unagreed trade deal. The tit-for-tat tariffs are hurting both countries and economist Jeffrey Schott told DW both sides hope for a ceasefire.
A market worth over $500 million to US poultry farmers had been closed for five years following an avian flu outbreak. But now China has lifted the ban in order to fill a pork-shaped gap left by swine fever.
China's economic slowdown and trade tensions between the world's top two economies have dampened German businesses' spirits. Many German firms operating in China report a "gloomy" business outlook.
Xi Jinping has claimed "bullying" tactics have eroded international trade and investment. Vladimir Putin said international growth has been in decline for almost two years.
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