The recent meeting between Donald Trump and Chinese President Xi Jinping might as well have been called the walk-back summit.   Both parties declared a mutual truce in what has been an ominous, gradually escalating trade war. Beyond exercising national self-restraint by not further exacerbating the economic confrontation, they agreed to roll back recent actions: Trump would soften his tariffs and China would soften its response. But, in a larger sense, Trump’s America First…

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