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NOTHING IS PERMANENT EXCEPT CHANGE

The U.S. and China are closing in on a deal that would give China’s ZTE Corp. a reprieve from potentially crippling U.S. sanctions in exchange for Beijing removing tariffs on billions of dollars of U.S. agricultural products, said people in both countries briefed on the deal.

Egyptian billionaire Naguib Sawiris said “President Trump is right” in saying that China has taken advantage of other countries. Still, he said, the leadership in Beijing seems willing to make what changes it can and there’s likely to be some resolution to the ongoing U.S.-China trade war. However, Sawiris said other countries are “justified” in […]