If you’ve been off the infosphere over the weekend, this is the much awaited news, coming as expected:
- Trump – Xi meeting: US agreed to no new tariffs on China goods
- Trump relents on tariffs, Huawei as US-China trade talks set for a revival
The Wall Street Journal note the truce agreed to by Xi and Trump but say, quite rightly,
- an even tougher job lies ahead-appeasing hard-line factions within their own governments demanding they give no quarter.
For Xi
- party leaders and executives of state-owned enterprises believe Washington is out to demolish the government-led economic model that is responsible for China’s emergence as a global power
For Trump
- faces skepticism from some Republican and Democratic lawmakers who worry he will give up too much in any deal
- wariness among some of his own political appointees
- Heading into an election year, Mr. Trump must also contend with restiveness among his supporters in the business community and farm-belt states who have been hit by the tariffs imposed by both countries
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Yep. Truce is good but I don’t expect much substance if a “deal” is eventually patched together.
