1236 GMT - The U.S.-China agreement is an important de-escalation in the trade conflict between the two nations, but the question remains whether sufficient progress can be made in the negotiations on details over the next 90 days, Commerzbank's Bernd Weidensteiner and Christoph Balz say. "Success in these talks is not guaranteed, particularly as the U.S. government wants to make trade between the two countries more balanced, which is not in line with Chinese interests," they write in a note. Negotiations on the Phase One deal in President Trump's first term took almost 18 months, so a 90-day deadline seems ambitious. Even a successful deal doesn't mean the goals set out in it will be achieved, they say. (edward.frankl@wsj.com)
(END) Dow Jones Newswires
May 12, 2025 08:36 ET (12:36 GMT)
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