Partial US-China trade deal only 'baby step' as thorny issues remain

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A partial US-China deal may only offer a temporary tariff reprieve because it lacks specifics and leaves the thorny issues for later, analysts ...

BEIJING: A partial US-China deal may only offer a temporary tariff reprieve because it lacks specifics and leaves the thorny issues for later, analysts said, allowing both economic powers to claim success.

There is"fear this could be more of the same old lather rinse and repeat trade detente followed by trade escalation", he said. "It's not much and it doesn't get us very far in the big issues, so whether it will lead to anything important is still very unclear," said Barry Naughton, an expert on China's economy at the University of California, San Diego.

Beijing also passed a foreign investment law in March, promising a level playing field for overseas investors, addressing a major US complaint.

 

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