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SINGAPORE: President Donald Trump’s trade war was meant to rebalance global power in America’s favour. Instead, China is playing the long game, enduring short-term economic pain to shape any eventual deal to its advantage. The strategy appears to be working – for now. On Monday (Aug 11), Washington granted Beijing another 90-day reprieve, extending a pause on tariffs through Nov 10. China announced it would do the same. Markets welcomed the move, which offered some relief after months of tension. The delay will give President Xi Jinping’s policymakers more time to plan their next move. Time is Xi’s ally. So…

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