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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