The truce between the United States and China means that Corporate America has dodged a massive bullet — for now at least.Executives are breathing a sigh of relief after the trade war between the world’s two largest economies cooled significantly over the weekend. A tariff hike on $200 billion of Chinese goods was supposed to go into effect on January 1 but has been punted for three months.
The US-China ceasefire is not a breakthrough that ends the trade war entirely. The tariffs already imposed remain and new ones could still be imposed. Washington and Beijing have simply agreed to take a timeout to talk.