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US-China trade talks back on track

by ChemOrbis Editorial Team -
  • 01/07/2019 (09:42)
The US President Donald Trump and China’s President Xi Jinping reached a tentative truce at the G20 summit held in Osaka, Japan on June 29. The bilateral meeting saw both sides agreeing to resume trade negotiations that broke down without reaching any agreement last month.

The world’s two largest economies agreed to hold off new tariffs against each other’s products and the negotiating teams from both sides would work on specific issues, the official state-run press agency of China reported. However, the countries did not provide any detail regarding the specific issues under discussion.

Although the global markets showed signs of relief on news of the resumption in the US-China trade talks, economists remained doubting. Economists’ reactions to the ceasefire highlighted the fact that the countries provided little clarity on the process of resolving the ongoing economical disputes.
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