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Trump's trade truce met with scepticism - and here's why

Judging by the euphoric reaction of markets on Monday, particularly equities and the price of oil and some other agricultural commodities, one could be forgiven for thinking that Donald Trump and Xi Jinping signed a free trade agreement at the G20 summit over the weekend.
They did not.All the US and Chinese presidents agreed in Buenos Aires was to hold off on imposing any new tariffs for the next 90 days. The US will leave tariffs on $200bn (€157bn) worth of Chinese imports at 10% on 1 January, instead of the planned increase to 25%, where they will remain provided that China, as apparently agreed, buys an unspecified amount of "agricultural, energy, industrial and other" products from the US.
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