US EditionHow Trump managed to get his much-needed China trade victory
- On April 2, 2025, President Donald Trump announced new tariffs and sent negotiators to Geneva to secure trade agreements with China and other countries.
- The announcement followed a nearly catastrophic trade embargo that caused significant internal and global economic pressures, prompting urgent de-escalation talks.
- After two days of talks, the US and China agreed to reduce tariffs by 115 percentage points, setting a framework for bilateral negotiations led by empowered officials Scott Bessent and Jamieson Greer.
- Kevin Hassett, Director of the National Economic Council, described the situation as a new beginning in relations with China, while an advisor noted that this outcome was far preferable to the difficult scenarios both sides had faced previously.
- The Trump administration has maintained a universal 10 percent tariff rate globally to incentivize further deals, and ongoing negotiations with roughly two dozen countries remain uncertain but active.
15 Articles
15 Articles
'It's Trump who blinked': Former treasury secretary rips president over China negotiations
Former Treasury Secretary and economic analyst Lawrence Summers has said that President Donald Trump "blinked" during the United States' recent negotiations with China, in which both countries agreed to temporarily slash tariffs on each other."I think it's very clear that it's President Trump who blinked. We had said that we were determined to impose these policies for an indefinite period. China didn't make any consequential or significant chan…
Cómo logró Trump obtener su tan necesario triunfo comercial con China
Por Phil Mattingly, CNN El demoledor enfoque arancelario del presidente Donald Trump amenazaba con desestabilizar el sistema financiero global y llevar a la economía de Estados Unidos a una recesión. Preocupado ante la posibilidad de estantes vacíos en las tiendas y un repunte de la inflación, Trump envió a sus negociadores equilibrados y profesionales a Ginebra para asegurar una victoria. La desescalada inesperada y dramática con China sentó la…
How Trump achieved his much-needed trade victory with China
By Phil Mattingly, CNN President Donald Trump's devastating tariff approach threatened to destabilize the global financial system and tip the US economy into a recession. Worried about the prospect of empty store shelves and a spike in inflation, Trump dispatched his level-headed, professional negotiators to Geneva to secure a victory. The unexpected and dramatic de-escalation with China set the stage for a growing series of trade negotiations t…
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