China and the United States have agreed on a yearlong truce in their trade war—but it’s essentially a handshake between Presidents Donald Trump and Xi Jinping, not an actual agreement. The two leaders met on Thursday in Busan, South Korea, with Trump backing down on his threat from two weeks ago to raise tariffs by an additional 100 percent and instead lowering the average duty from 57 percent to 47 percent. In return, Beijing has agreed to once more purchase U.S. soybeans and to refrain from

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