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Hong Kong business owner Itay Sharon breathed a sigh of relief when he heard the news this week that the United States and China had moved to de-escalate their trade war and temporarily reduce the punishing tariffs between them. Under the agreement, the U.S. will temporarily reduce its tariffs on Chinese goods from 145 per cent to 30 per cent, while China will lower its levies on American imports from 125 per cent to 10 per cent, effective from Wednesday. The 43-year-old Canadian Israeli runs the consumer brand Eco Wave, which produces items such as bamboo baby wipes and compostable…