Chinese Vice-Premier Liu He and US President Donald Trump signed the phase one trade deal at the White House on Wednesday in Washington. Photo: Reuters

Trade war: China, US face tough reality ahead after the pomp of phase one deal signing

  • US and Chinese camps send differing signals over prospect of a phase two deal, while many wonder if China can keep to its phase one commitments
  • After trade deal, average US tariffs on Chinese goods will 19 per cent compared to 3 per cent before the trade war, with European Union already voicing fears
Topic |   US-China trade war

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Chinese Vice-Premier Liu He and US President Donald Trump signed the phase one trade deal at the White House on Wednesday in Washington. Photo: Reuters
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Finbarr Bermingham

Finbarr Bermingham

Finbarr Bermingham has been reporting on Asian trade since 2014. Prior to this, he covered global trade and economics in London. He joined the Post in 2018, before which he was Asia Editor at Global Trade Review and Trade Correspondent for the International Business Times.