Xi, Trump lift confidence around globe
By Cao Desheng and Wang Xu in Osaka, Japan | China Daily | Updated: 2019-07-01 07:31
High-level agreement welcomed, but details of resolution will provide key test, experts say
The resumption of trade talks agreed to by the presidents of China and the United States has injected much-needed confidence into world markets, relieving pressure in a long dispute that has contributed to global economic slowdown.
However, analysts said, pressing the pause button on trade friction between the two countries doesn't mean the dispute has ended, as tariffs on hundreds of billions of dollars worth of goods are still in place and the two sides still have much to negotiate.
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