Revival of 2020 US-China trade deal might prove more difficult today: Here’s why
China and the United States reached in 2020.
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His remark has sparked speculation among analysts about how the lopsided trade equation between Washington and Beijing could be addressed.
Significance of Greer's remark
Greer’s statement carries added weight against the backdrop of stringent US technology restrictions on China. Significantly, his comment comes at a moment of heightened tensions between Washington and Beijing, with the two nations teetering on the edge of a potential trade war following Trump’s decision to impose an additional 10 per cent tariff on all Chinese imports.
Also Read: GTA 6 update: Will PC gamers face a longer wait than console players?
China’s response to Trump’s tariffs
Beijing responded with reciprocal measures, announcing a 15 per cent tax on certain types of coal and liquefied natural gas (LNG) from the US. Additionally, China has decided to impose a 10 percent tariff on crude oil and certain types of vehicles as part of its countermeasures.
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