Recent events have shed some light on a likely China-U.S. agreement fairly soon. Key to such was Trump’s order for ZTE’s sanctions to be lightened so that it can remain in business. As for import duties, I expect no increases in such by either side, except those for Section 232 steel & aluminum products. Furthermore, China likely realizes that some of its oligopolistic, protected industries will be improved with foreign involvement, especially in the services sector, and that it can use foreign market-opening pressure to effect positive changes. China has achieved so much in the last two decades without much opposition, but conditions have changed.

Source: Forbes May 16, 2018 19:42 UTC