Chinese President Xi Jinping is so far declining US pressure to call his American counterpart to seek a “deal” after the United States imposed 145% tariffs on its superpower rival, setting off a long-feared direct confrontation. This leaves Trump repeatedly assuring Americans that his “great relationship” with the Chinese leader will head off a crisis but unable to initiate talks in a standoff that risks tanking stock markets again and imposing real hardships on Americans.
mandag 14. april 2025
Trump’s showdown with China deepens, with huge stakes for the economy
President Donald Trump is heading into another volatile week of his trade wars facing an urgent need to de-escalate the clash he ignited with China before it inflicts deep damage on the US economy.
Chinese President Xi Jinping is so far declining US pressure to call his American counterpart to seek a “deal” after the United States imposed 145% tariffs on its superpower rival, setting off a long-feared direct confrontation. This leaves Trump repeatedly assuring Americans that his “great relationship” with the Chinese leader will head off a crisis but unable to initiate talks in a standoff that risks tanking stock markets again and imposing real hardships on Americans.
Chinese President Xi Jinping is so far declining US pressure to call his American counterpart to seek a “deal” after the United States imposed 145% tariffs on its superpower rival, setting off a long-feared direct confrontation. This leaves Trump repeatedly assuring Americans that his “great relationship” with the Chinese leader will head off a crisis but unable to initiate talks in a standoff that risks tanking stock markets again and imposing real hardships on Americans.
