U.S.-China Trade Talks Success

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PBS

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Business

Business & Economics

Analysis: Trump's truce with China on tariffs comes at a cost to U.S. credibility

Summary

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78% Informative

Trade talks in Geneva yielded greater-than-expected de-escalation in ongoing trade war.

But it won't be so easy to undo the damage this skirmish has done to U.S. trade credibility and the role of the dollar on the global stage.

Chinese goods are still subject to the universal 10 percent tariff on all US . imports.

Beijing has shown its cards for how it plans to deal with the possible reimposition of tariffs in the future.

China has spent years building up regional trade relationships with countries that can act as transshipment hubs for Chinese exports facing trade restrictions.

Beijing can live with a differential rate on Chinese goods that is only 20 percent higher than the rest of the world.

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English

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