Donald Trump hailed the agreement, but others think it masks a process of deglobalisation as the two superpowers struggle for hegemony
The trade war between the US and China may never be settled, experts fear, even after the two sides agreed on an outline “phase one” deal.
Economists and investors have been poring over the weekend’s announcement, which appeared to end a dispute that has roiled financial markets for 17 months.
Related: China confirms ‘phase one’ trade deal with US
A limited deal is recognition that a broad deal is impossible. Both realise that phase one is all they can get.
Related: Governments should turn back the clock over trade policy