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'Phase one' U.S.-China trade deal is necessary first step -economist

Credit: Reuters Studio
Published on December 13, 2019 - Duration: 06:50s

'Phase one' U.S.-China trade deal is necessary first step -economist

Getting the "phase one" trade truce between U.S. and China is a good thing even if the details around the deal are murky, Fact and Opinion Chief Economist Robert Brusca told Reuters reporter Conway G.

Gittens.

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'Phase one' U.S.-China trade deal is necessary first step -economist

The market response was muted, according to Brusca, because most on Wall Street expected Sunday's U.S. tariffs on $160 billion worth of Chinese-made goods would be scrapped.

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