A Chinese newspaper on display at a newsstand in Beijing on Dec. 3 features a front-page story about last week's meeting in Argentina during which Chinese President Xi Jinping and U.S President Donald Trump agreed to a trade truce. China has signaled that it will try to meet some U.S. demands, but there are many reasons to doubt that the truce can be sustained.
The next 90 days will tell whether U.S. and Chinese negotiators make enough headway on the trade differences between them to convince the White House to forego further rounds of tariff escalation. While there are areas of alignment between the two that will allow China to make some obvious concessions to U.S. demands, the question will be whether enough progress can be made in the upcoming talks to persuade the White House to either call off its trade war or extend the bargaining period -- or whether it will once again take up tariff hammer and resume battering the Chinese export economy....
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