Beijing, July 10 (TIWN) The heads of the negotiating teams of China and the US have spoken on how to implement the consensus reached by the Presidents of the two countries, the Chinese Commerce Ministry said on Wednesday.

Much has been made about the “breakthrough” at their high-stakes meeting, when the pair agreed to resume the negotiations that had fallen apart in May, bringing to an end a months-long impasse. But while the truce may have prevented the tit-for-tat tariff war from escalating into a full-blown trade war, and saved China-US relations from deteriorating further, little has changed from the last time they met.

The accord, in which the two leaders agreed to refrain from imposing new or higher tariffs on each other’s goods, is similar to what emerged from the last Trump-Xi meeting at the G20 summit in Argentina in December.