The USA and CHINA sign an Interim Agreement that will end their Trade War
By Doron Ella and Shira Efron
On January 15, 2020, the United States and China signed an interim agreement as a first phase toward a comprehensive deal that will end the trade war between the two countries. However, the actual achievement is questionable, since the key components of the agreement focus on at least partial elimination of the tariffs imposed during the trade war, while the American demand that China reduce its subsidies to state-owned Chinese enterprises – which give Chinese companies advantages over other companies – was left out of the agreement.
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* Image : Wikipedia - President Donald J. Trump, joined by Chinese Vice Premier Liu He, sign the U.S. China Phase One Trade Agreement Wednesday, Jan. 15, 2020, in the East Room of the White House. (Official White House Photo by Shealah Craighead)