The big question for American businesses is whether this detente will hold
COULD IT be a ceasefire at last? After months of rising tension and threats of ever higher tariffs, American and Chinese negotiators agreed to a mini-truce on October 11th. In exchange for America holding off on a tariff increase planned for October 15th, the Chinese government offered to buy American agricultural products.
. Progress so far seems to have been achieved by negotiators compartmentalising their differences. Mr Trump called the agreement “phase one” and added that the final deal would be so big that it would have to be completed sequentially. When negotiators move on to China’s subsidies, state-owned enterprises or data policies, talks are likely to get trickier.
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