Trade War - Ceasefire or Merely a Break?

December 06, 2018 | BY

Jacelyn Johnson

The recently held G-20 Summit had everyone excited about a truce between the U.S.-China trade disputes. However, it remains to be seen what the 90-day tariff halt will lead to. A few experts in the area share with us their thoughts on whether this new development will be an end to trade-war and if there is more to it than just the war on tariffs.

The G-20 summit held in Argentina over the weekend saw the U.S. and China pressing the pause button on the ongoing trade dispute for a 90-day period, where the U.S. will hold off on increasing tariffs to 25% on $200 billion worth of Chinese goods in exchange for China's efforts to address trade imbalance including buying a range of American agricultural, energy and industrial products.

During the 90-day period, the U.S. and China will seek agreement on key issues relating to non-tariff barriers such as technology transfer policies, lack of IP protection and cybersecurity issues.

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