U.S. And China Appear Close To Limited Trade Deal
Several outlets are reporting that China will agree to stop manipulating its currency and make significant agricultural purchases in return for a delay in implementing a tariff increase scheduled to go into effect Oct. 15. The delay at this point will evidently not apply to List 4B scheduled for Dec. 15, which covers a significant portion of consumer products, including the sporting goods sector. Too, the Chinese agreed to a clear timetable to open up their financial sector to international companies without requirements on local ownership. However, the deal will evidently not address the more difficult issues of intellectual property ... Log in to view full article.