The temporary lifting of triple-digit trade levies between China and the U.S. while trade talks get under way removes the threat of an immediate stagflationary hit to the economy. This is very good news.

Over the weekend, both the U.S. and China agreed to reciprocally slash tariffs on each other for 90 days from 125% to 10% — much more than expected.

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