Trump and Xi celebrate warm talks but remain far away from a final deal on trade

It was the ceasefire global policy makers and investors were hoping President Donald Trump and his Chinese counterpart Xi Jinping would reach in a turbulent trade war that has sparked global market turmoil. Yet the outwardly positive agreement between the leaders of the world's two economic superpowers to halt further escalation in tariffs and continue negotiating to reduce trade imbalances -- hailed by Trump as "an incredible deal" -- was seen by many US-China experts as another punt by the two countries in a year-long trade negotiation that leaves unresolved deep issues between the two countries.

"It was a postponement," said Craig Allen, president of the US-China Business Council. "It is certainly not any resolution of any issue. But it's better than the situation we had before. Now we wait and see."
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