Diplomacy Is the New Black

Well, it finally happened: the world's two economic frenemies - America and China - have called a temporary timeout in their trade dispute. Both sides have agreed to ease off their tariff trigger fingers for 90 days. According to U.S. Treasury Secretary Scott Bessent, neither side wants to “decouple” - which, in diplomatic speak, translates roughly to: "Look, we may fight like cats in a burlap sack, but divorce is expensive."

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