In the News: Trade War Ceasefire; Fentanyl; Securities Disputes; and Overseas Portfolio Investment
December 04, 2018 | BY
Jacelyn JohnsonChina and the U.S. on a 90-day trade war truce; fentanyl now a controlled substance; new securities and futures disputes guidelines; and growth in Chinese overseas portfolio investments.
US-China Trade War on Break
The G-20 summit held in Argentina over the weekend saw the U.S. and China pressing the pause button on the ongoing trade dispute for a 90-day period, where the U.S. will hold off on increasing tariffs to 25% on $200 billion worth of Chinese goods in exchange for China's efforts to address trade imbalance including buying a range of American agricultural, energy and industrial products.
During the 90-day period, the U.S. and China will seek agreement on key issues such as China's non-tariff barriers such as technology transfer policies, lack of IP protection and cybersecurity issues.
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