US Vows to Keep Tariffs in Place
US Vows to Keep Tariffs in Place
Written by: PaxForex analytics dept - Wednesday, 15 January 2020 0 comments
Global trade optimism was slightly crushed as the US announced that existing tariffs on China will remain in place until after the US presidential election in November. President Trump will sign the phase-one trade deal in Washington today, together with senior Chinese political figures. Presidents usually don’t sign trade deals, but Trump has made it a habit of inking even marginal ones and then claiming a massive victory for the US economy. The Japanese and South Korean trade deals are the most recent examples.