Sino-US Phase One Trade Truce Inching Closer

  • Dec 13, 2019 AEDT
  • Team Kalkine

With just two days left in the potential tariffs on USD160 billion worth of Chinese goods by the USA, media houses have sent waves of optimism, and consequently, markets have reacted to the news on a positive note.

  • Reports from the US suggest that both countries have reached consensus.
  • The phase one deal is said to approve by the US President.
  • It is speculated that the USA might postpone the December 15 tariffs, and existing duties would be lowered.
  • Chinese sources suggest that USD200 billion worth of US goods might be bought over two years.


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