President Donald Trump's administration says a 'phase one' deal with Beijing is imminent which would see billions of dollars of tariffs on Chinese goods removed.
The trade war waged by President Donald Trump against China has hurt the global economy even with the leaders of both countries expected to claim victory with the promise of an imminent partial deal, an expert has toldA"phase one" deal may be signed by Trump and Chinese President Xi Jinping and is expected to roll back tariffs on around $156 billion worth of Chinese imports from December 15.
"But Xi Jinping will be able to claim victory by saying China gave relatively little in exchange for restoring some degree of stability and certainty to the trade relationship. Chief market analyst at markets.com, Neil Wilson, said it would be a"stretch" to think that all tariffs would be removed.
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