Reuters“China and the United States agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks in Argentina between U.S. President Donald Trump and Chinese President Xi Jinping, including no escalated tariffs on Jan. 1.”
“Trump will leave tariffs on $200 billion worth of Chinese imports at 10 percent at the beginning of the new year, agreeing to not raise them to 25 percent ‘at this time’, the White House said in a statement.”







Commentary By
Theodore R. Bromund, Ph.D.@Bromund
Senior Research Fellow in Anglo-American Relations
James Jay Carafano@JJCarafano
Vice President, Kathryn and Shelby Cullom Davis Institute
Brett D. Schaefer
Senior Research Fellow in International Regulatory Affairs
KEY TAKEAWAYS
U.S. accession would provide no benefits not already available to the U.S., while creating unnecessary burdens and risks.
The U.S. does not need to join the convention in order to access oil and gas resources on its extended continental shelf, in the Arctic, or in the Gulf of Mexico.
Despite subsequent changes in 1994 that led the Clinton administration to support U.S. accession, the Trump administration should oppose accession to this treaty.