{"id":736,"date":"2018-12-10T11:35:03","date_gmt":"2018-12-10T11:35:03","guid":{"rendered":"https:\/\/phoenixglobalgroup.com\/mi-katigoriopoiimeno\/u-s-china-trade-truce-buys-supply-chain-managers-a-little-more-time\/"},"modified":"2024-02-27T09:52:06","modified_gmt":"2024-02-27T09:52:06","slug":"u-s-china-trade-truce-buys-supply-chain-managers-a-little-more-time","status":"publish","type":"post","link":"https:\/\/phoenixglobalgroup.com\/el\/nea\/u-s-china-trade-truce-buys-supply-chain-managers-a-little-more-time\/","title":{"rendered":"U.S.-China trade truce buys supply chain managers a little more time"},"content":{"rendered":"
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By Patrick Burnson, Executive Editor<\/p>\n

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While\u00a0President Donald Trump\u00a0and Chinese President Xi Jinping have agreed to a truce in the US-China trade war for a period of 90 days, many Pacific Rim supply chain managers may still feel they are living on borrowed time.<\/p>\n

\u201cThe truce signed at the G-20 Summit signals that renewed bilateral trade dialogue will intensify in early 2019 to try to find a compromise bilateral trade deal,\u201d said\u00a0Rajiv Biswas, Asia Pacific Chief Economist at\u00a0IHS Markit<\/a>. \u201cHowever, China would need to agree to very substantial measures within 90 days in order to negotiate a compromise trade deal.<\/p>\n

Analysts also note that the 90-day truce is a positive outcome for the near-term Asia-Pacific trade outlook, as it averts the previous U.S. plan to hike tariffs on $200 billion of Chinese exports to the U.S. from 10% to 25% on January 1, 2019.<\/p>\n

\u201cThis large tariff hike would have hit Chinese exporters hard, so it provides substantial relief for China\u2019s export sector, at least temporarily,\u201d observes Biswas.<\/p>\n

He adds that such a large tariff hike would also have had \u201csignificant transmission shocks\u201d for other Asian economies, due to the integrated Asian manufacturing supply chain providing raw materials and intermediate goods for China\u2019s manufacturing sector.<\/p>\n

The truce also signals that renewed bilateral dialogue will intensify in early 2019 to try to find a compromise bilateral agreement.<\/p>\n

However, China would need to agree to very substantial measures within 90 days in order to negotiate such an outcome.
\nFor the moment, it\u2019s a waiting game for all transpacific stakeholders\u2026and the stakes are high indeed.<\/p>\n<\/div>\n

Source:
\nhttps:\/\/www.logisticsmgmt.com\/article\/u.s._china_trade_truce_buys_supply_chain_managers_a_little_more_time\/transportation<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Patrick Burnson, Executive Editor While\u00a0President Donald Trump\u00a0and Chinese President Xi Jinping have agreed to a [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[31],"class_list":["post-736","post","type-post","status-publish","format-standard","hentry","category-nea","tag-2018-el"],"yoast_head":"\nU.S.-China trade truce buys supply chain managers a little more time - PHOENIX GLOBAL FREIGHT GROUP S.A. - Since 1991<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/phoenixglobalgroup.com\/el\/nea\/u-s-china-trade-truce-buys-supply-chain-managers-a-little-more-time\/\" \/>\n<meta property=\"og:locale\" content=\"el_GR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S.-China trade truce buys supply chain managers a little more time - 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