United States

Trump's China deal leaves some trade experts 'underwhelmed'

Breaking News EmailsGet breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.SUBSCRIBEJan. 16, 2020, 11:59 PM UTCBy Martha C. WhitePresident Donald Trump's much-discussed phase one trade deal with China sets aside some of the economic uncertainty that has generated market volatility and depressed business investment, but trade experts say it falls far short of justifying a globally damaging trade war between the world’s two largest economies. What’s more, this resolution could mean higher costs for U.S. companies — and consumers.While threatened tariffs on finished consumer goods such as clothes and electronics were avoided, the deal also reaffirmed the White House’s commitment to ta ...