What’s Next In Trade War Truce With China?

WASHINGTON (AP) — President Donald Trump’s agreement with China to temporarily slash tariffs for 90 days offered the world a bit of welcome relief. But what persists is a sense of uncertainty and the possibility that the damage from the trade war could already be done. Trump declared the de-escalation of the trade war a victory, saying he would soon chat with Chinese President Xi Jinping about how to preserve the financial relationship between the world’s two largest economies. Regardless, the tariffs are now elevated from when Trump took office and the scramble to respond to the White House’s mix of threats and olive branches might leave CEOs, investors and consumers unwilling to take risks.