Both sides would certainly benefit from finding agreement. The trade war has vaporizedtrillions of dollars from the stock market, caused the dollar to plunge, and tipped America’s economy closer to recession. Chinese freight ship bookings have also plummeted in recent weeks, suggesting downward pressure on China’s export sector, an engine of the country’s economic growth.
lørdag 26. april 2025
Why Trump Will Blink First on China
U.S. President Donald Trump will probably blink first. The first sign of that came Tuesday when he said that 145% tariffs on China will “come down substantially” and Treasury Secretary Scott Bessent predicted “de-escalation” in the de facto trade embargo between the world’s two largest economies.
Both sides would certainly benefit from finding agreement. The trade war has vaporizedtrillions of dollars from the stock market, caused the dollar to plunge, and tipped America’s economy closer to recession. Chinese freight ship bookings have also plummeted in recent weeks, suggesting downward pressure on China’s export sector, an engine of the country’s economic growth.
Both sides would certainly benefit from finding agreement. The trade war has vaporizedtrillions of dollars from the stock market, caused the dollar to plunge, and tipped America’s economy closer to recession. Chinese freight ship bookings have also plummeted in recent weeks, suggesting downward pressure on China’s export sector, an engine of the country’s economic growth.
