In late June, the leaders of China and the United States announced at the G-20 meeting in Osaka, Japan, that they had reached a detente in their trade war. U.S. President Donald Trump claimed that the two sides had set negotiations "back on track." He put on hold new tariffs on Chinese goods and lifted restrictions preventing U.S. companies from selling to Huawei, the blacklisted Chinese telecommunications giant. Markets rallied, and media reports hailed the move as a "cease-fire."
