The Asia-Pacific Economic Cooperation (APEC) grouping warned on Thursday that exports in the region will barely grow this year amid the onset of U.S. tariffs, as the U.S. and Chinese trade representatives met on the sidelines of the gathering.

Joseph Capurso and Carol Kong at CBA have written an excellent report explaining the economic implications of the US-China trade war de-escalation. Key Points: The 90 day reduction in tariffs on US-China trade confirms ‘peak tariff’ is past.

The United States and China slashed sweeping tariffs on each others' goods for 90 days on Wednesday, marking a temporary de-escalation in a brutal trade war that roiled global markets