Howard Gold’s No-Nonsense Investing: The trade war is over — and China won

The great U.S.-China trade war is all over but the shouting.

In a meeting on the sidelines of the G-20 summit in Osaka, Japan, President Donald Trump and Chinese President Xi Jinping agreed to resume trade talks that had broken down in May.

Trump will lift some restrictions on Huawei Technologies Co. Ltd.’s ability to do business with U.S. companies and will postpone tariffs he threatened to impose on an additional $300 billion annually in Chinese imports. In exchange, Xi agreed China will buy more U.S. agricultural products. Details will be spelled out later.

This deal — the second time President Trump gave in to China’s demands and ended restrictions on a major Chinese technology company that had been accused of threatening U.S.

>>> Original Source <<<