Happy talk of Trump-Xi truce masks hard path to a deal

Donald Trump and Xi Jinping might be headed back to the negotiation table in connection with the G-20 summit in Japan. "It's possible we're going to make a deal, but I'm also very happy where we are now," Trump tells Fox Business Network.

Photo: Ritzau Scanpix/Andrew Harnik

The US and China are headed for an uneasy trade-war truce and a return to the negotiating table. While financial markets may cheer such a breakthrough, the celebrations may be short-lived when the long path to a deal is considered.

If President Donald Trump and China's Xi Jinping announce a new round of talks Saturday, as expected, any optimism ought to be balanced with a healthy dose of reality. The talks collapsed six weeks ago not over a few lines of fine print, but over fundamentally different worldviews that have only hardened since then.

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