The US and China stepped closer to a full trade deal on Thursday, making a pact to formally cement the informal trade understanding reached in Geneva talks in May. “We just signed with China yesterday,

As the U.S. and China finalized a trade agreement, Beijing pitched itself at the “Summer Davos” summit as an antidote to global economic “confusion and anxiety.”

Tariff negotiations with the Trump administration are running into roadblocks, as partners including Japan, India and the European Union balk at signing deals without knowing how badly they’ll be hit by separate levies on exports including chips,