Economics
Economists Are Skeptical That Trump-Xi Truce Will Rescue Growth
- Research notes reveal analyst skepticism of thawing after G-20
- Global trade, growth data to remain weak in 2019, they write
Photographer: Johannes Eisele/AFP via Getty Images
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Financial markets have smiled on the apparent weekend warming of relations between the U.S. and China. This time, economists aren’t buying it.
Following a meeting with Chinese President Xi Jinping on the sidelines of the Group of 20 gathering in Osaka, U.S. President Donald Trump pledged to delay plans for duties on an additional $300 billion in Chinese imports and green-lighted U.S. companies to maintain some business with Huawei Technologies Co.