After nearly two years of conflict between the world's top two economic powers, the United States and China have signed a trade truce
After nearly two years of conflict between the world's top two economic powers, the United States and China signed a trade truce on Wednesday.
The"phase one" agreement included pledges from China to beef up purchases of American crops and other exports for two years, provides some protections for US technology, and new enforcement mechanisms that allow Washington to quickly impose penalties, which Beijing cannot respond to.But tariffs on hundreds of billions of dollars in goods remain in place on two-thirds of the over $500 billion in imports from China, leaving US consumers and businesses to foot the bill.
Gold and silver rose, palladium soared to a record high and platinum to its highest level in nearly two years.
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