The U.S.-China Trade Deal Means a Long Cold War for Business

With a new trade deal, the U.S. and China have agreed to stand down, but look for the war to go on, with the potential to rattle trade and markets across the globe for years and perhaps decades.

In announcements in the capitals of both countries, President Trump and a senior Chinese official retracted threats to impose new tit-for-tat tariffs on billions of dollars in imports on Sunday. Trump cut some prior tariffs, and China will resume buying billions of dollars a year in U.S. farm products — actions that, if they are implemented, show that the two rivals can make a show of constructive negotiation.

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