Beginning of the end of trade war good for all

Many are debating whether the China-US agreement reached at their trade talks in Geneva, Switzerland, over the weekend and taking effect on Wednesday is a win for China or the United States.

The White House fact sheet on the talks claims that US President Donald Trump "secures a historic trade win" for the US. But some US news media outlets said it's a win for China. Even former US Treasury secretary Larry Summers said on X that Trump "blinked first".

These people are all wrong. The agreement, which may begin the end of this round of trade conflicts, will be a win-win for China, the US and the rest of the world.