Canadian Shipper


May 22, 2018

Trump pulls back from brink of trade war with China

Washington, DC — President Donald Trump on Monday hailed his administration’s temporary truce with China on trade, even as his Treasury secretary and China struck a note of caution on the latest agreement. After high-level talks in Washington last week, Beijing has agreed to “substantially reduce” America’s trade deficit with China. “On China, Barriers and Tariffs to come down for first time,” Trump tweeted. Both sides, however, have said there are no guarantees trade tensions are over. China hasn’t said how much it’s willing to reduce the U.S. trade gap. The Trump administration had sought to slash the deficit by $200 billion. Also left unclear is the issue of intellectual property. The U.S. has long accused Beijing of secretly stealing U.S. technology from American