PARIS: Governments across the world breathed a collective sigh of relief when the United States on Wednesday (Thursday in Manila) signed a partial trade deal with China, but analysts predict that the pact frees President Donald Trump up for new trade war fronts, notably with the European Union (EU) and emerging economies.

“This deal may cause short-term relief, but it’s just a stage,” said Sylvain Broyer, European chief economist at Standard and Poor’s, calling it “the tip of the iceberg” of global trade tensions.