ShippingWatch

Happy talk of Trump-Xi truce masks hard path to a deal

Donald Trump and Xi Jinping might be headed back to the negotiation table in connection with the G-20 summit in Japan. "It's possible we're going to make a deal, but I'm also very happy where we are now," Trump tells Fox Business Network.

Photo: Ritzau Scanpix/Andrew Harnik

The US and China are headed for an uneasy trade-war truce and a return to the negotiating table. While financial markets may cheer such a breakthrough, the celebrations may be short-lived when the long path to a deal is considered.

If President Donald Trump and China's Xi Jinping announce a new round of talks Saturday, as expected, any optimism ought to be balanced with a healthy dose of reality. The talks collapsed six weeks ago not over a few lines of fine print, but over fundamentally different worldviews that have only hardened since then.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Alphaliner: HMM set to go private in 2022

The South Korean state is reportedly prepared to divest container line HMM after having rescued the company from bankruptcy in 2016. According to Alphaliner, South Korea's central administration has confirmed a plan to privatize the carrier in 2022.

Further reading

Related articles

Latest news

See all jobs