The United States and China have concluded two days of high-level trade talks in Geneva, resulting in "substantial progress" toward resolving ongoing trade tensions. Both sides have agreed to establish a new economic and trade consultation mechanism, with a joint statement expected to be released on May 12.
There is possibility that a deal may have occurred in which China will cut Tarrif on US and US will gradually cut Tarrifs on China after seeing a Trade Balance like if US sales to china increase every month/semester, US will cut proportionally Tariff to China. As if we look at past record of Donald Trump. He has done this deal with EU. Tell us what do you think?
💬 How do you anticipate these developments will influence global markets and trade policies? What are your expectations for the forthcoming joint statement?