U.S. pauses China tariffs but deal has its shortcomings
The reason the United States is pausing tariffs on China for now appears to be a promise from China that it will increase its imports from the U.S. — primarily agricultural and energy products. That would presumably help — at least in the short term — to reduce the U.S. trade deficit with China, which was $385 billion in 2016 according to the U.S. Trade Representative. And that would be a good thing, right?
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