Jeff Zeleny: E.U.’s Trade Deal with U.S. Is a Message That It’s Better to Do So Rather than Face a Trade War

Dean: “And Jeff, meantime, U.S. Officials are set to meet with their Chinese counterparts for trade talks in Sweden tomorrow. What more do you know about that?”
ZELENY: “We do know that China, of course, is one of the countries that there have been an on again/off again trade war. There‘s been a truce since May, but that expires on August 12th. So the question tomorrow, when Treasury secretary Scott Bessent meets with his Chinese counterparts in Stockholm, will there be an extension to that truce or will there be going back to the on again/off again, tit-for-tat trade war between Washington and Beijing? That is very much an open question. But the deal today reached with the EU certainly sends a message out to all other countries who have not yet signed deals that perhaps it‘s better to try and do so, rather than to face the threat of what the Trump Administration is proposing. But the meeting in Stockholm tomorrow, certainly as significant as the Beijing-Washington trade war is anything but completed.”