Monday, March 03, 2025 | 09:22 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

US-China trade deal: Initial pact may reduce tensions but doubts remain

Beijing and Washington touted the "Phase 1" agreement as a step forward after months of stop-start talks, and investors greeted the news with relief

US-CHINA, china
Premium

Two knights face to face on Chinese yuan and US dollar background. Photo: Shutterstock

Reuters
China will boost spending on US products in exchange for the rolling back of some tariffs under an initial trade deal signed by the world's two largest economies on Wednesday, defusing an 18-month row but leaving numerous thorny issues unresolved.
 
Beijing and Washington touted the "Phase 1" agreement as a step forward after months of stop-start talks, and investors greeted the news with relief. Even so, there was scepticism the US-China trade relationship was now firmly on the mend.
 
The deal fails to address structural economic issues that led to the trade conflict, does not fully eliminate the tariffs that

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in