While the US president declared last week’s summit meeting with Xi Jinping a success, his “fantastic” deals changed nothing structural or material in their hostile trade relationship.

Trump and Xi agreed on a new Board of Trade framework at their summit, targeting $30-40B in tariff reductions while excluding advanced chips from the deal.

U.S. and China establish new trade and investment boards alongside tariff easing, agricultural deals and renewed dialogue on Taiwan and economic cooperation.

While the US president declared last week’s summit meeting with Xi Jinping a success, his “fantastic” deals changed nothing structural or material in their hostile trade…