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Inside the U.S.-China Trade Cease-Fire
A 90-day pause
Stocks, the dollar and oil are soaring on Monday after President Trump’s top negotiators outlined the specifics of a major — though temporary — de-escalation in the U.S.-China trade fight.
Expectations were sky-high for some kind of breakthrough. The market reaction suggests mission accomplished in terms of reaching an important détente, though significant trade barriers remain and plenty still needs to be worked out.