PARIS: Governments across the world breathed a collective sigh of relief when the United States on Wednesday (Thursday in Manila) signed a partial trade deal with China, but analysts predict that the pact frees President Donald Trump up for new trade war fronts, notably with the European Union (EU) and emerging economies.

“This deal may cause short-term relief, but it’s just a stage,” said Sylvain Broyer, European chief economist at Standard and Poor’s, calling it “the tip of the iceberg” of global trade tensions.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details