For most of the past year, the U.S. and China have failed to make significant headway in resolving issues at the heart of an escalating trade war. Another 90 days is unlikely to change much.
Donald Trump and Xi Jinping called a truce at a high-stakes meeting on Saturday night in Argentina, with the U.S. president agreeing to postpone a planned tariff hike on Chinese goods for three months in return for greater purchases of American goods. The arrangement provides breathing space to both leaders as they face slumping stock markets and economic warning signs.
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