Commentary: US-China tariff truce bought time. It can’t buy trust

LONDON: The speed with which the tariffs unwound suggests the trade war was causing severe pain on both sides. Chinese President Xi Jinping's strategy of defiance appears to have paid dividends: His team achieved substantially lower tariffs, while making only concessions China was willing to make in the first place. Chinese goods now subject to a 30 per cent additional US tariff (down from 145 per cent) and American goods facing a 10 per cent Chinese tariff hike (down from 125 per cent).