Could the U.S.-China Trade War Be Coming to a Close?

Eric Schaffer | June 27, 2019
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Though nothing is absolute, it seems as if the fierce trade war fought between the U.S. and China could very well be coming to a close as the latest G20 Summit in Osaka, Japan approaches. 

Politico and the South China Morning Post have reported, "The U.S. and China have tentatively agreed to another truce in their trade war in order to resume talks aimed at resolving the dispute,” continuing, “Details of the agreement are being laid out in press releases in advance of the meeting between Chinese President Xi Jinping and President Donald Trump at the Group of 20 Leaders Summit in Osaka, Japan, this weekend.”

The truce would seek to stop President Trump’s long-awaited tariffs on $300 billion of Chinese imports currently unaffected by the trade war, as well as a 25 percent tax on remaining, untaxed Chinese goods.

Though much is still to be discussed between the two world leaders, things are looking to be on the upswing. That being said, a senior Trump administration official has cautioned everyone to be wary, saying: “[N]othing is certain. Absolutely nothing.”