Chinese and U.S. trade negotiators have lined up an array of diplomatic wins for Donald Trump and Xi Jinping to unveil at a summit this week. Those easy hits are pleasing investors, but leave deeper core conflicts unresolved.

U.S. President Donald Trump told reporters on Monday that “I really feel good” about a deal with China, after officials this weekend in Malaysia unveiled a slew of agreements to ease trade tensions. That’ll likely see China resume soy purchases in key Republican voting states, while America walks back its latest 100 per cent tariff threat in exchange for securing Beijing’s critical rare-earth magnets.

Markets soared on the news with the MSCI’s index for global stocks testing all-time highs, but analysts cautioned the deal teed up for Trump and Xi to sign in South Ko

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