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The Art of the Trade War: US BEGS AND CHINA RELENTS
577 Views09 May 2025 17:34
After imploring China to hold talks on the US trade war, Beijing has agreed to meet. US is trying to accomplish the impossible by pursuing its trade war and trying to maintain "US Exceptionalism".
What is covered in the Full Insight:
- Introduction: US-Begging and China-Relenting
- Negotiations in Switzerland: Dynamics and Expectations
- Impact of High Tariffs on US-China Trade
- Historical Context: Past Negotiation Failures
- Conclusion: US Backpedaling and Future Prospects
Boomeranged on Tue, 13 May 2025 04:01
The US has retreated from the trade war it started. The US lowered tariffs on China from 145% to 30% for 90 days. The deal met all of China's core demands including eliminating reciprocal tariffs, agreements on fentanyl. China also reduced their tariffs on US goods to 10%, but gave nothing more in return. In a complete surrender by the US, China will now have the same reciprocal tariffs as the UK.
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Full Insight
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