The US–China trade war

The US has weathered its trade war with China better than many observers had predicted, and China appears to be experiencing an economic slowdown. Beijing hopes that President Trump will accept an interim agreement narrower in scope than his more hawkish advisers would prefer, so long as it substantially reduces the bilateral trade imbalance. Unless these advisers persuade Trump to demand major Chinese concessions on broader structural issues, a deal in the next few weeks remains likely.