5 Dec
by Vitaliy Dadalyan
Investors are hoping that the world’s two biggest economies will reach a trade deal before new U.S. tariffs go into effect Dec. 15 on some popular products made in China, including smartphones. “Whether or not U.S.-China can cut a deal remains the obsession; arguably the only game in town heading into ahead of the 15-Dec deadline for the next round of tariffs fall due,” Mizuho Bank said in a commentary. Chinese officials said Thursday that hinges on whether the U.S. will agree to roll back some of the tariffs imposed by President Donald Trump after he began his effort to win trade concessions from Beijing in mid-2018.
