The US and China may be nearing a trade deal. That won't stop the global economic slowdown


CNBC  | Mon, Feb 25, 2019

by Yen Nee Lee


The U.S. and China appear to be close to ending a tariff fight that hurt financial markets and dented economic activity worldwide, but that's not going to stop the slowdown already seen in the global economy, experts said on Monday.

U.S. President Donald Trump said on Twitter on Sunday that he would delay an increase in tariffs on Chinese goods that was initially planned for early-March. Washington and Beijing were locked in a tariff fight for months last year, but that battle was put on hold — for an initial 90 days — after Trump met Chinese President Xi Jinping in Argentina in December.

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