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US-China trade: truce, not peace

Trump Administration's 25% tariffs on US$250 billion of Chinese imports and Beijing's retaliatory tariffs on US goods still remain in place

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Mr Trump's "big, beautiful monster" of a trade deal with Beijing could yet morph into a big monster if the US sees China as a global enemy in a new Cold War where the lines between geo-strategic and geo-economic interests are blurred.

US PRESIDENT Donald Trump entered the White House in 2017 pledging to reverse traditional American trade policies, and to place China at the centre of his new mercantilist agenda. That delighted his supporters in the de-industrialised areas on the country who had helped elect him as president...