Daily Memo: Cheerful Trade Talks, Mounting Pressure in Venezuela, Sacked Government in Kazakhstan

All the news worth knowing today.

GPF Staff |February 25, 2019

The United States extends a deadline. U.S. President Donald Trump said he would extend the March 1 deadline to increase tariffs on U.S. imports of Chinese goods from 10 to 25 percent. It’s unclear how far the deadline has been pushed, but that might be irrelevant: The president said the current round of trade talks was going so well that a deal might be announced in the next two weeks. Chinese media was also upbeat about the talks, with Xinhua reporting that China’s trade delegation said “substantial progress” had been made on a number of sticking points. Our forecast that China and the U.S. would seek temporary accommodation in their trade skirmish is therefore well on track. We also forecast, however, that no short-term deal will solve the rivalry that has emerged between Washington and Beijing. On that issue, there has been little progress but some attempts to focus on other issues.

Pressure builds in Venezuela. The question we’ve been asking ourselves at GPF for years

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