The agreement reached by the United States and China has effectively paused the trade fight between the world’s two largest economies, but analysts say it does little to resolve their underlying differences.
Following a two-day negotiation marathon in Geneva, the United States and China released a joint statement on May 12, rolling back the massive tariffs they’ve slapped on each other recently.
Washington will lower tariffs on Chinese imports to 30 percent from 145 percent, and Beijing will reduce tariffs to 10 percent from 125 percent. This agreement is temporary, lasting 90 days, and provides time for trade officials from both countries to negotiate further….