Don’t Count on the Truce Holding in Trump’s Trade War With China

Chinese President Xi Jinping, center, and members of his official delegation listen to U.S. President Donald Trump speak during their bilateral meeting at the G-20 summit, Buenos Aires, Argentina, Dec. 1, 2018 (AP photo by Pablo Martinez Monsivais).
Chinese President Xi Jinping, center, and members of his official delegation listen to U.S. President Donald Trump speak during their bilateral meeting at the G-20 summit, Buenos Aires, Argentina, Dec. 1, 2018 (AP photo by Pablo Martinez Monsivais).
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As widely expected, U.S. President Donald Trump and his Chinese counterpart Xi Jinping declared a truce in their trade war over dinner in Buenos Aires this past weekend. According to the White House statement after the meeting, Xi committed to increase imports of American agricultural and energy products to reduce the bilateral trade deficit and to immediately begin negotiations over China’s unfair trade policies. In exchange, Trump agreed that he would not increase tariffs from 10 percent to 25 percent on $200 billion in Chinese exports as scheduled on Jan. 1, but that he could do so later if there […]

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