WASHINGTON — The "Phase I" trade agreement between the U.S. and China received mixed reviews from panelists at Mobility Talks International, held Jan. 22 as part of the annual Washington Auto Show.
"The good news is that the U.S. and China have signed a truce," said Mary Lovely, senior fellow at the Peterson Institute for International Economics, regarding the agreement signed Jan. 15. "We can expect no new tariffs, at least for a while."
The bad news is that U.S. auto and auto parts manufacturers are not among the beneficiaries of the Phase I pact, Ms. Lovely said.