Trade warUS and China reach trade-war ceasefire, but the devil is in details
Gaps emerge over specifics on tariffs and agricultural purchases
The U.S. says China has committed to increasing its imports of U.S. goods and services by $200 billion over the two next years, but Beijing is mum on specifics. © Reuters
TAKESHI KAWANAMI and ISSAKU HARADA, Nikkei staff writers
December 15, 2019 02:46 JST
WASHINGTON/BEIJING -- The optimism in the financial market and industry over the first-stage trade deal between the U.S. and China could be short-lived, with Washington and Beijing offering different takes on what was actually agreed on, including the handling of tariffs and amount of agricultural purchases.