The markets have been a whipsaw, the US economy has slowed down, and one report suggests that US companies shed 10,488 jobs because of the trade war between the US and China — a trade war that has worsened over the past few weeks.

So the two sides have laid down their arms and agreed to a cease-fire in hopes of creating the conditions that will make it possible for discussions to resume in October.

Unfortunately, those talks, should they ever occur, will achieve little aside from temporarily calming financial markets. Donald Trump’s trade war is a trade war that cannot be won.

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