U.S., China Cease-Fire on Tariffs Only Kicks the Can Down the Road
President Trump lauded his meeting with Chinese President Xi Jinping at the G20 summit in Buenos Aires as "extraordinary" after the two sides agreed to a pause in tariff increases for 90 days. But Hagar Chemali, CEO of Greenwich Media Strategies, said investors shouldn't start the ticker tape parade just yet.
Make no mistake, a temporary cease-fire in what was becoming a full-fledged trade war gives both sides time to cool off and re-assess, said Chemali. "At least both nations agree that they don't want to go down this path of economic cold war."
But the agreement was "not very substantive" and did not get to the root of the issues that led to tariffs, according to Chemali.
Trump holds most of the leverage going into the 90-day cool-off period, since the U.S. was prepared to increase tariffs on $200 billion worth of goods up to 25 percent after the first of the year. But Chemali said that without the united front of our allies' support, it may be harder for China to back down, especially on unresolved issues relating to the country's theft of American intellectual property.
In 90 days, don't be surprised to hear about another 90-day extension, she said.
For full interview [click here](https://cheddar.com/videos/trump-leaves-g20-with-trade-truce).
With disengagement rising and hybrid work shifting, 'Everybody Matters' author Bob Chapman explains why treating people well could define the future of work.
We sat down with Ali Furman, U.S. Consumer Markets Industry Leader at consulting firm PwC to ask what trends she garnered from the initial data this year.
Seth Schachner breaks down Zootopia 2’s record-smashing debut, holiday box office trends, early 2026 Oscar contenders, and what’s next for Netflix and WBD.
Truist's Mike Skordeles unpacks earnings trends, market correction, labor force dynamics, and what a possible December rate cut could mean for all of us.
Holiday shopping heats up as big-box earnings reveal how Walmart, Target & Home Depot are navigating consumer pressure, strategy shifts and trends shaping 2025.
