detente

The detente, however, doesn’t mean that the U.S. and Western companies will continue to rely on China for rare-earth supply.

The trade detente between the U.S. and China shows fragility.

The new awareness is the latest indication that the detente has largely glossed over a rivalry between the U.S. and China that is only beginning.

Leland Miller, co-founder of independent research firm China Beige Book, cautions against investors treating the detente as a completed one-year deal.

The takeaway among analysts: This was largely a commercial detente that put the relationship back to about where it was before the April tariff blitz sparked a wave of escalation, with no progress in dealing with the core issues behind the U.S.-China rivalry.