The trade agreements thrashed out in Buenos Aires amount to a fragile truce. By March, we will know the true lay of the land
What Donald Trump and Xi Jinping did in Buenos Aires was buy time. Three months, in fact. Which is good when measured against the alternative: which was a full-blown trade and broader economic war between the two countries. Which in turn had the potential to trigger a further collapse in global market sentiment, particularly coming on the back of other negative trends emerging in both the US and Chinese domestic economies.