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With China and the US agreeing to lift tariffs for the foreseeable future, does this indicate a success in US President's Trump aggressive economic strategy? Or is it truly a concession rather than a victory for the US? What can the world learn from the so-called "trade wars of thest century"?
informative article
https://www.vox.com/policy-and-politics/2018/7/8/17544460/trump-china-tariffs-trade-war
Thanks for invitation,
I do believe that it is just a type of compromising solution for both parts at least for the time beings, but the main problem remain still outstanding and will be raised once again soonest in the near future since most of USA industries are now depending completely on Chinese components and products, especially those industries which allocated outside USA, like automotive industry for example.
Well at this time world is runing on Captilasam & the basic of capitalisam is based on open & free market or in simple words survival of the cheapest. So when we keep this in mind then US adminstaration need to protect there system of captialisam. They cannot go against there own created system. This way they will slowly get away from the basics & eventualy fail.
So to keep the system runing they will agree on further things.
