Trump Blinked and Beijing Knows It
- On May 10-11, 2025, U.S. And Chinese officials met in Geneva to agree on a 90-day truce reducing tariffs from 145% to 30% for the U.S. And 125% to 10% for China.
- The truce followed prolonged trade tensions and Trump’s unexpected retreat from higher tariffs, surprising global governments and prompting cautious negotiation stances.
- Though the deal eased immediate tariff pressures, it left most high tariffs in place, showed China's strong leverage, and signaled prolonged, difficult talks ahead.
- Analysts like Mark Williams and Zhiwei Zhang said China successfully called Trump’s bluff and described the truce as a U.S. Concession acknowledging economic pain and shifting dynamics.
- The agreement’s temporary nature suggests ongoing tensions, as other countries toughen negotiations and enforcement challenges related to tariff evasion increase under U.S. Scrutiny.
19 Articles
19 Articles
Trump’s Tariff Gamble and the Decay of the Neoliberal Order - American Affairs Journal
What meaning—if any—can we discern in President Trump’s decisions to impose, and then pause, tariffs on the entire world? And what does this mean for the future of world order? At the time of writing, Trump seems to be retreating from the most aggressive tariff actions, promising a new round of trade “deals,” including with… Continue reading Trump’s Tariff Gamble and the Decay of the Neoliberal Order on American Affairs Journal.
He Lifeng, the trusted aide to Xi Jinping who broke the trade deadlock
Speaking several languages is an important skill, we are often told by teachers, parents and human resources managers. But perhaps not so much for He Lifeng, the second vice-premier and chief economic negotiator of the Chinese government, who has just reached a deal with the United States on a 90-day tariff respite despite having — according to the media — a rather limited command of English.Seguir leyendo
Message from US-China trade truce: Trump may not have the upper hand
In the US-China trade truce agreed to last week, US President Donald Trump blinked and Chinese leader Xi Jinping scored a victory. As China reached a truce without any meaningful concessions, it also showed other large US trading partners, such as India and Japan, how they could negotiate from a stronger position.
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