Yesterday, the U.S. and China reportedly agreed to a phase one trade deal in principle. Today? Radio silence.
has been uncharacteristically quiet ever since news broke that the U.S. had agreed to a phase one trade deal in principle with the Chinese. But hopefully that will change soon on Friday.
The source told Yoon that China is afraid those purchases could put them in conflict with other trading partners. There is also concern that Trump could eventually reimpose tariffs on Chinese goods despite a phase one deal being signed. The deal agreed to in principle by the U.S., which Trump has reportedly signed off on, would delay another round of duties set to kick in on Sunday. It would also slash some existing tariffs in half.
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