Why Trump and Xi’s 90-Day Trade Truce Is a Step in the Right Direction

Executive Summary

The audible, global sigh of relief in the wake of last weekend’s decision by Presidents Donald Trump and Xi Jinping to negotiate trade war issues over the next 90 days was well justified. The deal is a big step forward for all concerned. While it is true that a comprehensive deal is very unlikely to be completed in the next 90 days, its should be obvious that presidents who can agree to talk for the next 90 days can also agree to talk longer if the first 90 days seem to augur something promising. If they don’t, then it probably makes sense to shut the…

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