February 25, 2019

Trump delays tariff hike suggesting progress on US-China trade talks

Share on facebook
Share on twitter
Share on linkedin
Share on email

In Short

On Sunday, US President Trump announced that he would delay to an unspecified date the tariff increase on imports from China which were scheduled to start on March 1.
Trump delays tariff hike suggesting progress on US-China trade talks
Share on facebook
Share on twitter
Share on linkedin
Share on email

Highlights:

  • On Sunday, US President Trump announced that he would delay to an unspecified date the tariff increase on imports from China which were scheduled to start on March 1.
  • Trump acknowledged “productive” trade talks and also the Chinese press reported substantial progress. Trump and Xi are reportedly planning to meet for a summit later in March at Trump’s Mar-a-Lago resort.
  • Details about the progress were not given. News from last week point to steps forward to narrow the bilateral trade deficit as well as on ensuring intellectual property rights and tackling alleged forced technology transfer.
  • The postponement of the deadline increases the chances of a deal and reduces the risk of a further escalation of the trade conflict, an important source of current global uncertainty. However, given the complexity of the matter, a positive negotiation result is not a done deal yet and existing tariffs could well be maintained for some time.
  • The Chinese stock market rallied on the news and the Chinese currency appreciated versus the US-dollar.

Download the full publication below

TRUMP DELAYS TARIFF HIKE SUGGESTING PROGRESS ON US-CHINA TRADE TALKS

Also interesting

Traffic-highway-Business-district-Jakarta-Emerging
00:11:38
April 19, 2021
Fixed Income

The Spotlight ǀ Equity-like returns with bond-like volatility investing in 75+ emerging economies

China-flag-with-indicators-and-chart
April 16, 2021
Market Commentary

China’s Q1 GDP growth: Strong year-on-year growth amid weak momentum

size 3
April 15, 2021
Market Commentary

COVID-19 UPDATE Facts & Figures