US-China Trade Truce; Xi Convenes Two Day…

China Trade Week extended late into Friday night and ended with a whimper, not a bang. I hear the talks were brutal and while a face-saving joint statement was issued Saturday many of the details remain unsettled and the toughest issues unresolved. It looks to be a clear victory for Beijing as tariffs are at least temporarily deferred and the US has agreed to keep talking, something which China is always happy to do.

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