Trade Cases
October 15, 2019
CRU: Our Predictions on U.S.-China Mini-Trade Deal Were Correct
Written by Tim Triplett
By CRU Senior Economist Yizhe Daniel Xie
The two-day trade negotiations between the U.S. and China ended last Friday. China promised to purchase $40-50 billion worth of agricultural products from the U.S., liberalize its financial market, and take steps to address U.S. concerns on intellectual property and the RMB exchange rate. In exchange, the U.S. removed its planned Oct. 15 tariff hike (from 25 percent to 30 percent) on approximately $250 billion of Chinese goods.
