"U.S. President Donald Trump hailed a meeting with China's Xi Jinping as "amazing" and "12" on a 10-point scale, but the agreement the two leaders reached appears to be no more than a fragile truce in a trade war with root causes still unresolved. China sees this as a stepping stone to a bigger meeting where they can stabilize the relationship, the official added."
"Given the long-simmering tensions, the very fact that both leaders had a warm meeting-and agreed to two follow-up visits next year-offers rattled multinational corporations caught in the middle a much needed reprieve, say experts. Xi opened the talks, which took place ahead of the Asia-Pacific Economic Cooperation summit, by saying that "China's development and rejuvenation are not incompatible with President Trump's goal of 'Making America Great Again'.""
"'Their long-term engagement and mutual respect have become the most valuable strategic asset in U.S.-China relations,' he told his American counterpart, in unusually effusive language for a Chinese diplomat. 'Difficult situation' The deal buys both sides some breathing room: Trump gets a win before his planned visit to Beijing in April, Xi gets relief from elevated U.S. tariffs that have put pressure on Chinese manufacturers."
A high-profile meeting between U.S. President Donald Trump and China's Xi Jinping produced a tactical detente in an ongoing trade war but did not resolve its root causes. Both leaders agreed to two follow-up visits next year and presented cordial rhetoric, including claims that China’s development is not incompatible with U.S. goals. The accord temporarily eased pressure on multinational corporations and provided breathing room: Trump gained a diplomatic win before a planned Beijing visit and China received relief from elevated tariffs. Persistent or repeated escalations could exhaust personal trust and produce a much more difficult situation.
Read at Fast Company
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