G20 summit bring a truce in US-China relation, but it's a short-term fix

In their efforts to lower trade tensions, Trump and Xi agreed to a 90-day extension on the imposition of additional US tariffs on some $200 billion of Chinese imports

The United States and China have arrived at a temporary truce in a trade conflict that was threatening to further destabilise world equity markets, entrench a global slowdown and cause more damage to a rules-based international order.

Agreement by US President Donald Trump and his Chinese counterpart, Xi Jinping, to allow further negotiations before threatened tariff increases on Chinese imports come into effect is a welcome development.

However, this is a temporary respite, a short-term fix, not a long-term solution to myriad trade and other tensions that have put the US and China at odds with each other.

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