When Donald Trump and Xi Jinping get together at the end of this week for their “extended meeting” on the fringes of the Osaka G20 summit, there will be little hope on either side for a peace deal to end the US-China trade war any time soon. For both leaders, domestic politics makes an early deal unlikely. But if the hopes for peace on either side are slight, so too are the fears of a protracted conflict that threatens to drag on into the next year. Policymakers in both Washington and Beijing believe their economies are well placed to ride out a continued trade storm.
