Will the US-China tariff deal avert a possible global trade war?

The world’s 2 biggest economies person stepped backmost from the brink.

After imposing retaliatory tariff hikes astatine rates ne'er seen before, the United States and China person agreed to a truce.

US taxes connected Chinese goods volition present autumn from 145 percent to 30 percent, and China volition chopped theirs connected US items from 125 percent to 10 percent.

Some of the levies person been scrapped altogether portion others person been enactment connected hold.

After weeks of sizeable strain, galore radical are looking to spot however planetary proviso chains volition beryllium affected.

Is it the extremity of the planetary commercialized war, triggered past period by US President Donald Trump?

And what does it mean for those countries who had been anticipating large investments owed to the steep duties connected China?

Presenter: Elizabeth Puranam

Guests:

William Lee, main economist, Milken Institute

Huiyao Wang, founder, Center for China and Globalization

Jayant Menon, erstwhile pb economist, Asian Development Bank