The US and China on Monday agreed to a 90-day truce in their trade war, with Washington temporarily slashing tariffs on Chinese imports to about 40 per cent, from as high as 145 per cent.

Ninety days isn’t much time to reach a trade deal, especially one between two adversaries with as many disagreements as the U.S. and China. But Chinese Vice Premier He Lifeng acknowledged

China has criticised a trade deal between the United Kingdom and the United States that could be used to squeeze Chinese products out of British supply chains, the Financial Times reported on Tuesday.