Term Sheet — Thursday, Dec 6, 2018

Good day. Lucinda here taking over for Polina, who returns Friday.

Over dinner at the G20 summit on Saturday, U.S. President Donald Trump and Chinese President Xi Jinping brokered a 90-day tariff truce that made time for negotiations between the two economic giants. Around the world investors breathed a sigh of relief, with Trump celebrating the ceasefire as an "incredible deal."

But news emerged Wednesday that could throw a major wrench in such talks: the arrest of Meng Wanzhou, the

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