FPJ Analysis: US-China Trade War De-Escalation
The weekend was one of ceasefires and huge sighs of relief on more than one front; something the world would fervently wish could endure. Within hours of nuclear neighbours New Delhi and Islamabad declaring a halt to hostilities, Washington announced it was holding off for 90 days the steep tariffs it imposed weeks earlier on Chinese exports. From an absurdly and unsustainably astronomical 145 per cent, President Donald Trump’s lethal levies came tumbling down to 30 per cent. The abrupt climbdown prompted Beijing to respond with corresponding cuts, from 125 per cent to 10 per cent. The bombshell April 2 “Liberation Day” levies and the retaliation it provoked seem, at least for now, a........
© Free Press Journal
