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  • The Christian Science Monitor

    Why the US and China settled for a trade truce

    May 23, 2018 4 minutes

    An irresistible force – President Trump’s trade agenda – has met an immovable object known as China Inc., and the result is an uneasy truce.

    Both sides over the weekend backed away from threatened tariffs. China agreed to buy more US energy and farm goods and, on Tuesday, cut its tariffs on imported cars from 25 percent to 15 percent.  

    The challenge for both sides is that the nub of their trade conflict – technological prowess – has no easy answers. The United States relies on its technological edge and its huge market to keep ahead of its economic rivals. China,

    Technological tug of war Fewer joint ventures for technology transfers

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