I’m Malcolm Scott, international economics enterprise editor in Sydney. Today we’re looking at key takeaways from the US-China trade truce. Send us feedback and tips to [email protected]. And if you aren’t yet signed up to receive this newsletter,

Progress on US-China trade over the weekend sent stocks soaring on Monday. But some top commentators say tariffs are still a big risk.

Chinese state media — and many outside analysts — declared Beijing had won round one of the trade war after the Trump administration rolled back many tariffs.

The U.S. agreed to cut tariffs on Chinese goods from 145% to 30%, while China committed to reduce tariffs on U.S. products from 125% to 10%. The lowered tariffs will remain in place for 90 days while the two sides negotiate a wider trade deal.

China has removed a ban on airlines taking delivery of Boeing planes following the trade agreement with the U.S., Bloomberg reported early Tuesday. Officials have started informing domestic carriers a

The de-escalation provides both sides with breathing space to find a way to preserve trading ties that were threatening to grind to a halt.

Trade experts anticipate a spike in trade during talks and a substantial deal, but the risk of inflation and economic slowdown may not be over.

Xi Jinping on Tuesday warned against "bullying and coercion" in his first remarks on the trade war since the weekend's talks.