Ceasefire on US-China Trade War Boosts Markets

The US and China have agreed to a 90-day ceasefire, but the deal to hold tariffs at current levels fails to tackle simmering trade war tensions

Glenn Freeman 3 December, 2018 | 7:38AM

Donald Trump, Xi Jinping, G20 summit, buenos aires

Donald Trump and Chinese President Xi Jinping have agreed to a 90-day ceasefire in their trade war at the G20 summit. But the deal to hold tariffs at current levels fails to address longer-term tensions and may simply prove a pause in escalating tariffs.

At Saturday’s dinner US President Trump and his Chinese counterpart Xi Jinping agreed to a 90-day truce in the trade war that has rattled the world’s two superpowers and sent shockwaves across global markets.

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About Author

Glenn Freeman  is Senior Editor for Morningstar Australia

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