G20 Watch: Trump’s Pause Paid for By Xi’s Purchase Promise

Ags - Grains/Beans 241 China 2574 Consumer Staples 604 Energy - Conventional 378 Energy - Crude Oil 259 Energy - Natural Gas 123 G20 31 Industrials - Capital Goods 459 Info Tech - Tech Hardware 609 Tariffs 1633 U.S. 4574

President Xi Jinping and President Donald Trump reached an agreement at the G20 that should lead to a 90 day cessation of tariff increases between the two countries. As always with trade deals the details matter. The U.S. has stated that negotiations will push towards a change in Chinese rules on intellectual property policies. China meanwhile only referred to a “consensus” on trade matters. In the near term the beneficiaries from a pause in increase tariffs to 25% from 10% on around $200 billion of U.S. imports will be manufacturers of network devices, specialty circuits and furniture. ...

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