NICOLAS ASFOURI/AFP/Getty Images
U.S. producers, particularly in the agricultural sector, are worse off as their China market has diminished. In the absence of price reductions from Chinese exporters, U.S. importers and consumers areSome companies that are part of the global supply chain did reduce their investments in China – but didn’t send them back to the U.S. Instead, as the underlying economics would suggest, they sent those investments to other low-cost locations, mainly in Asia.
Second, the Phase One moniker, coupled with the U.S. Treasury removing China from its list of currency manipulators on the eve of the deal, augurs well for a broader thawing of relations between the “G2,” which is good for the rest of the world as well.
globebusiness Unnecessary conflict that used yesterday's solutions to yesterday's problems and made the multi-lateral trade dispute mechanism of the WTO, that worked well, ineffectual. The ending hope of a modernized multilaterism may be a rapidly fading dream as the spoiled behemoths reign..
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