Email By Ian Verrender Updated July 01, 2019 07:35:42 Photo: Mr Trump and Mr Xi met while they were in Japan for the G20 summit. (AP: Susan Walsh) Related Story: ‘Both lose in confrontation’: China and US agree to restart trade talks Related Story: China uses social credit surveillance system to ban millions from travel Related Story: A small Chinese bank has collapsed and experts worry China’s financial system may fail with it Map: Japan These are dangerous times.The weekend negotiations between US President Donald Trump and China’s Xi Jinping, on the sidelines of the G20 meeting in Osaka, have been portrayed in some quarters as a breakthrough in the trade war.It is nothing of the sort.The pair merely agreed to no further escalation in hostilities and, even then, only on a temporary basis. There has been no scaling back and no clear path to resolve the dispute. US-China trade war explainedIt is upping the ante in a high stakes game, but what are the implications of President Trump targeting hi-tech Chinese imports? While the tariffs are directed at Chinese imports, it is American firms and consumers who ultimately are saddled with the 25 per cent impost on $US250 billion… Read full this story
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No truce in Donald Trump's trade war despite 'great' meeting with China's Xi Jinping have 333 words, post on www.abc.net.au at July 1, 2019. This is cached page on wBlogs. If you want remove this page, please contact us.