Three cheers for the US-China trade war ceasefire

Days of talks settled on a framework that leaves a 55% US tariff on Chinese goods and a 10% Chinese levy on American imports.

Beijing will ease restrictions on rare-earth exports while Washington will back off on its developing ban on Chinese students attending American universities.

Plenty of issues remain: China ’s key role in world fentanyl production, for one thing; its long history of intellectual-property theft, currency manipulation and so on.