Asia’s shaky economies need a US-China trade truce, fast

As Asian governments go through the motions of negotiating with the US, Donald Trump’s trade war is inflicting serious and ever-increasing damage on the region’s largest economies.

It remains to be seen what the US and China will ultimately agreed on in London this week. Vague talk of a preliminary strategy to ease trade tensions, with zero specifics or timelines, has so far left global markets with more questions than answers.

The final readout said the two sides agreed in principle on a framework for de-escalating trade tensions, which will next be presented to Trump and Chinese President Xi Jinping for approval, according to reports.