Saturday night in Buenos Aires, over grilled sirloin steak with red onions, goat ricotta and dates, paired with a 2014 Malbec red wine, President Trump and President Xi Jinping called a trade war truce. According to the South China Morning Post, the room burst into applause.
The two world leaders agreed to a 90-day time out from Trump’s impending tariff hikes on Chinese imports into the US. The hike from 10 to 25% on $200 billion worth of Chinese imports, and tariffs on an additional $267 billion on Chinese goods were set to kick in New Year’s Day. The détente clock started ticked December 1st.
Among the administration’s concerns: China’s thef ...