With the recently announced plans to cut tariffs on more than $75 billion in American goods, China shows good faith that it plans to meet the "phase one" terms of its trade agreement with the U.S. However, the move is one small step in a trade war complicated by politics and recent outbreaks of coronavirus affecting international trade.
Nelson Dong, senior partner at the international Dorsey & Whitney law firm, explains the many ways the market should interpret the news. The most important point being, the trade is far from over.