Fate of the air cargo market 'largely in the hands of US consumers'
The US consumer will largely determine the success of the airfreight industry in the coming ...
© Vaeenma
By Alex Lennane
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.
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