Partial agreement between the US and China

A partial agreement between the US and China was announced yesterday. Agreement that must still be signed but that has given some joy to the stock markets.

The partial agreement is basically an increase in China’s purchases of agricultural products in exchange for not raising tariffs.

This is far from solving the substance of the problem that is the safeguarding of intellectual property. We are far from an agreement. And there are elections in the US next year. Trump must be strong against China for his electorate to value him.

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