Markets

Breakdown of the latest developments on the global exchanges
Mar 3, 2019, 12:00 PM GMT
#TradeWar

Are We About to See a Trade Armistice Between the US and China?

One of the major news from the last hours was the speculation, released in international media outlets, is that the 8-month trade war, consistent of imposing ever-increasing trade tariffs between the US and China, is about to end as a result of the ongoing negotiations between the two countries.

According to people familiar with the matter, cited by Bloomberg, China has agreed to follow more strictly international agreements for the protection of intellectual property, as well as pledging to increase its total purchasing of American goods and services in exchange for an immediate lifting of all of the tariffs (or at least a big portion of them), which were imposed by the Trump administration.