Alva Review-Courier -

Why a US-China deal that once looked close now seems far off

 

August 8, 2019



WASHINGTON (AP) — A deal seemed so close.

As recently as May, the Trump administration and China seemed on the verge of resolving their dispute over Beijing's combative trade policies.

Then it all collapsed. A cease-fire, declared by Presidents Donald Trump and Xi Jinping in June, failed to stick.

Now, global financial markets are shaking and central banks across the world are trying to cushion their economies from the worst by slashing interest rates — all in the expectation that a trade war between the world's two biggest economies will continue to rage, probably through the 2020 U.S....



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