Will Cars, Phones and Other Goods Be Too Big to Tariff?

Washington and Beijing increasingly look likely to de-escalate their trade war. But the economic damage and ongoing uncertainty may persist for a while.

There are new signs that Washington and Beijing are de-escalating their trade clash, suggesting that some sectors could see relief from tariffs.Go Nakamura/ReutersA dovish shift

Stocks are on a three-day winning streak as investors cheer cooling trade-war tensions. Another boost has come from the Fed and from Google, whose shares are up nearly 5 percent in premarket trading on decent first-quarter results.

But while Washington and Beijing seem to be easing off their brinkmanship, it may be too late to reverse the damage to the economy and business psychology.

The latest: China may suspend some of its most onerous levies on vital U.S. imports — including plane leases, medical equipment and industrial chemicals — Bloomberg reports. That comes

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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