What is the likely outcome of the U.S.-China trade war in light of the U.S. decision to delay tariff increases that had been threatened for March 1 and the promise of a summit between U.S. President Donald Trump and Chinese President Xi Jinping?
Recent meetings in Washington and Beijing have seen both sides operating from a common playbook instead of resorting to their own talking points. That is real progress. Reports indicate that the most recent round of the bilateral trade talks reached a consensus on peripheral issues, such as currency stability, and made modest progress on language concerning intellectual property rights, forced technology transfers, services, and non-tariff barriers.
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