Delicate Trade Truce with China Hangs in the Balance
The pause in the trade war between the U.S. and China may be at risk of breaking open again after Beijing implemented restrictions on rare earth exports.
By Austin Denean, The National Desk, Washington
The tenuous pause in the trade war between the United States and China may be at risk of breaking open again after Beijing implemented new restrictions on its exports of rare earth metals and other products.
This move provoked a threat of a return of steep tariffs to Chinese products, which roiled financial markets and prompted concerns about the economy.
China and the U.S. had been cautiously optimistic over the last several months about striking a new trade deal amid President Donald Trump’s attempts to remake the American economy through massive tariffs.
The two sides struck a truce in the spring to dial back massive import taxes on imports.
No specific quotes available in the text.
Author's summary: Trade war between US and China may escalate again.
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