Will Trump Extend the Trade Truce With China?

Trade Agreement Negotiation - The industry views current framework deals as the start of negotiating rounds that may span weeks, months, or even years [1] - Addressing politically entrenched trade issues between countries takes a long time [2] - The use of tariffs is a tactic to bring parties to the negotiating table [3] Trade Policy & Tariffs - The administration aims to rebalance trade and bring back manufacturing jobs [5] - Tariffs are seen as leverage to get countries to the negotiating table [6] - The average tariff rate is nearly 20% [8] Globalization Impact - The US has benefited from globalization, but concerns exist regarding its impact, particularly after China's admission to the WTO [7] - The administration is responding to the perceived negative impacts of globalization [7] Market & Economic Outlook - The stock market is performing well despite high tariff levels [8] - Consumer prices have increased, but not to a concerning degree [8] - Inflation has ticked up, but has not yet become a significant headwind [9]