Donald Trump has hailed his weekend trade truce with China as "by far, the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our country".

Taken at face value you'd be forgiven for thinking he'd just made an historic breakthrough in the 18-month US/China trade war.

Unfortunately, back in the real world, economic analysts have assessed it as an uneasy truce, with no progress on the underlying issues.

On Saturday (NZT) US officials announced that China had agreed to more than double its annual purchases of American agricultural products to as much as US$50

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