Bloomberg reports: "Is the phony trade war over? ...pick apart Beijing's latest list of countervailing duties and you'll see that in many areas there's once again less than meets the eye. To be sure, the list deals a few headline-grabbing blows to select political constituencies... Beneath that, though, many of the details suggest a more moderate approach. The duties on aircraft exclude all planes with an operating empty weight above 45 metric tons, a provision that looks to spare every aircraft that matters to Boeing Co... Seven of the trade categories affected relate to beef, which China resumed importing from the U.S. only last year... New 25 percent duties on wheat and corn won't do much additional damage to a trade that's minimal given the 65 percent import tariffs that China already charges on those crops. "