US-China trade deal gets tepid reception

WASHINGTON, D.C.: United States officials announced a truce in the trade war with China with much fanfare, but economists and trade experts call it largely a victory for Beijing.

After a dispute that raged for close to two years, with several fumbled efforts at a resolution, the US agreed to cancel planned tariffs and rollback others immediately, without a similar commitment from China to lift tariffs it imposed on the US.