Phase 1 deal “very close”! Video outlook (german)

New week, new optimism about the trade war. China’s Global Times says Phase 1 deal is “very close”. But insiders are obviously more skeptical. Even if there were a (largely trivial) Phase 1 deal, a second part of such an agreement with really substantial solutions before the US elections would be less likely because Beijing is playing for time and wants to wait and see whether Trump wins the 2020 election. What is remarkable is that just a few weeks ago the US side was so optimistic, now it has been a few days since China spread optimism. The basic question remains whether Trump is prepared to take back existing tariffs and thus meet Beijing’s basic condition …

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