The Irish Times view on the US/China tariff cuts: far too soon to sound the all clear

The deal between the US and China to reduce tariffs significantly for a 90-day period means a welcome reduction of international trade tensions. Combined with the recent deal with the UK and ongoing talks with the EU, it has sparked a surge in share prices, with investors hoping that their worst fears on tariffs may not now come to pass. In reality, however, it is far too soon to sound the all clear. The trade war between the US and China had spiralled to such an extent that it was posing an imminent threat to the availability of some products…