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While far from the "grand bargain" trade deal that seemed possible many months ago, a trade truce this week between the US and China was welcome news for investors after weeks of escalating trade tensions that bled into mainstream American sports and entertainment culture.
An agreement on a rough "phase one" of a deal framework averted another round of planned tariffs on Chinese goods, but will likely only scratch the surface of addressing the larger underlying structural issues between the two largest global economies.