Uncertainty in global trade ties is here to stay5 min read . Updated: 24 May 2017, 12:33 AM IST
A prolonged phase of uncertainty is here to stay, particularly in the multilateral trade relations, despite China's grand pronouncements
More cement and steel will certainly build walls and infrastructure projects. But will it mend fences and lead to a new era of harmony and trade? That remains moot. Indeed, developments in the international trade relations seem somewhat befuddling over the past fortnight. President Donald Trump has claimed his first major success for striking a “smart" trade deal: China will allow the US to sell beef and other major products in the ever expanding Chinese market. His administration also notified the Congress about renegotiating the North America Free Trade Agreement (Nafta).
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