¿Qué hemos de esperar después de la tregua comercial entre EEUU y China?
In this news Spanish language news article, Alicia García-Herrero discusses how the temporary reduction in tariffs between the US and China might best be characterized as a truce rather than a solution between the two parties.
It's most important to understand that there was no other way out for the US and China than a truce, as both had a great deal to lose in maintaining such high tariff levels. This truce permits both sides to recalibrate their strategic approaches, mitigating the inflationary costs to the US and the deflationary as well as unemployment costs to China.
