Sino-US trade talks yield tangible results

The specter of an all-out trade war between China and the US has been somewhat exorcized by the two rounds of high-level talks between the two countries. But despite the talks yielding some tangible results, some problems remain.

US media outlets, especially those opposed to US President Donald Trump and his policies, are saying China has won the "trade war", while some Chinese claim the US has won it.

Suffice it to say, there is no absolute winner in a trade war. The tit-for-tat policies, even the hovering policy threats, have hurt the two economies. Some imported fresh fruits piled up at ports have started to rot. High tariffs on imported steel and iron have raised the costs of many US manufacturers and construction companies. And the prices of rebar and other metals in the United States have risen by 15 to 20 percent.