Change of dynamic: air freight demand now 'the reverse of three weeks ago'
Air freight demand is expected to plummet as consumers in Europe and the US are ...
Is it the “biggest deal anybody has ever seen”or is it “progress … on the right track”? That depends if you are asking Donald Trump or Xi Jinping about the China-US trade deal. It includes a pledge by Beijing to increase purchases of US products and services by $200bn over the next two years. However, Chinese purchases of $40bn-worth of US farm goods a year over the next two years would be “based on market conditions”.
While there will be no new tariffs, the bulk of those on $360bn worth of Chinese products will remain, as will Chinese tariffs on over $100bn of US goods.
The second phase of talks has now begun.