Trade Defences Rise, but the US-China Deal Has No Start Date

The US-China Board of Trade has no implementation timeline, even as governments take steps to shield industries from trade shocks. For households, that matters less as diplomatic theatre than as a question of whether trade barriers help protect local producers—or leave consumers facing fewer choices and higher costs. The reporting does not establish any direct price effect yet.

What’s Actually Agreed?

At the G20 Trade Ministers’ meeting,...