“It de-escalates trade tensions and reduces the probability of a stagflation,” said Sung Won Sohn, a professor of finance and economics at Loyola Marymount University and a former commissioner at the Port of Los Angeles, referring to a phenomenon feared the world over by economists: a combination of slow economic growth, high inflation and increasing unemployment. “But this is a temporary truce. A tough road is ahead of us.”
Source: Los Angeles Times
Trade Truce with China Is Hailed, but It May Not Be Enough to Stop Shortages
