With the United States and China agreeing to a temporary trade truce, experts caution that Beijing will try to drag its feet over the next three months to gain an upper hand over Washington.
After May 10–11 talks in Switzerland, the United States agreed to lower most incremental tariffs on China to 30 percent from 145 percent, while China reduced its retaliatory tariffs on U.S. goods to 10 percent from 125 percent. The reductions will hold for 90 days as both sides continue negotiations to reach a broader deal.
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William Lee, chief economist at the Milken Institute, viewed the result as a tie between the two countries….