21 December 2018 / Global
US-China trade war postponed
On the sidelines of the G20 meeting at the beginning of December, US President Donald Trump and Chinese President Xi Jinping agreed to suspend announced tariff increases for 90 days – from 1 January to 1 April 2019 – while undertaking negotiations to avoid a trade war. In the light of the US midterm election results, Trump is turning his attention towards retaining the presidency in 2020. It may be best for him to enter into negotiations with China, play for drama, keep focus on his 'America first' initiative and, ultimately, conclude an agreement.