Why the China-US Trade War Truce Won’t Last
- The United States and China agreed on May 12, 2025, in Geneva to a 90-day truce that reduces tariffs substantially on bilateral trade.
- The truce follows repeated failed attempts since the Trump administration’s 2019 Phase 1 deal, which was never fully implemented amid ongoing strategic competition.
- The United States reduced its tariffs on goods imported from China from 145% down to 30%, while China responded by lowering its retaliatory tariffs on US products from 125% to 10%; both countries agreed to maintain these adjustments for 90 days as trade discussions continue amid ongoing tensions.
- The tariff reductions triggered global markets to rally, but experts emphasize that underlying issues like trade deficits, industrial competition, and geopolitical rivalry remain unresolved.
- This agreement likely represents a temporary pause in a long-term, frozen conflict as both countries maintain strategic goals that suggest continuing trade tensions ahead.
17 Articles
17 Articles
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CNN Anchor Fires Back at Scott Jennings Over Trump Trade Cave: ‘Backing Down Isn’t Leverage’
CNN anchor Abby Phillip fired back at GOP analyst Scott Jennings over President Donald Trump’s trade war with China, quipping that “backing down isn’t leverage — backing down is just backing down.” Trump Treasury Secretary Scott Bessent announced Monday that the U.S. and China have agreed to a 90-day truce, dropping tariffs Chinese tariffs against the U.S. to 10 percent and U.S. tariffs against China to 30 percent. The agreement comes after week…
Alain Frachon: 'The three-month pause in the US-China trade war offers a reprieve. However, it is not over'
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