The “Cold Peace” should be seen as a short-term tactical measure to help each of these Great Powers gain the perception (key word) of greater leverage over the US during the onset of Trump’s protectionist “trade war” than as a long-term strategic understanding paving the way for a “New Détente”.
If the Kremlin concludes that Russia’s interests would best be advanced through engaging in a series of “mutual concessions/compromises” with the US as part of a “New Détente”, then it won’t hesitate to make that move; otherwise, Putin won’t think twice about walking away with no “deal”.
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