The Commodities That May Win Big From U.S.-China Trade Truce
- China has agreed to increase U.S. agriculture, energy imports
- Two countries call truce in trade war engulfing commodities
Is U.S.-China Truce an End to Trade War, or Just a Pause?
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Commodities were a big casualty of the escalating trade war between the U.S. and China, but are now set to be a major beneficiary of Beijing’s pledge to import more American goods.
U.S. President Donald Trump had threatened to impose tariffs on as much as $150 billion in Chinese imports, including some steel and aluminum products, to punish Beijing for allegedly violating American intellectual property and unfair trade practices. The Asian nation vowed to retaliate with tariffs on everything from soybeans to fruit and wine.