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US and Chinese flags in the entrance during trade talks at Lancaster House in London this week. (Photographer: Chris J. Ratcliffe/Bloomberg) This week's agreement between the United States and China to suspend some export controls has restored last month's truce in the trade war between the world's two biggest economies. But substantial tariffs remain in place on both sides and the deal, the full details of which have yet to be made public, does not appear to address the fundamental issues in the US-China trade relationship. Washington and Beijing agreed in Geneva last month to wind back most of the…
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