THE stock market cheer at the interim trade deal between the United States and China may be way premature.
Yes, the US has put off new tariffs that were to come into force today on US$250 billion worth of Chinese goods. And Beijing has agreed to buy US$40 billion-US$50 billion of American farm produce. This latest partial deal is supposed to pave the way for a three-stage process that would address issues such as the Trump administration's allegation that China forces transfers of American technology...