The deal that emerged from U.S. Treasury Secretary Scott Bessent's talks with Chinese Vice Premier He Lifeng has cut the countries' respective tariffs by 115 percent for 90 days. The pause halted what was approaching a trade embargo—one that led to higher prices and recession risks in the United States and deepened deflationary pressures and a manufacturing glut in China.
torsdag 15. mai 2025
China Factory Protests Show When US Tariffs Began to Bite
A wave of protests over factory closures in China in recent weeks appeared to show the impact of U.S. tariffs on a highly exposed sector that employs millions. The demonstrations, a reflection of the export-driven economy's early pain, came as Chinese officials quietly engaged with U.S. President Donald Trump's team weeks before last weekend's high-profile meeting in Geneva.
The deal that emerged from U.S. Treasury Secretary Scott Bessent's talks with Chinese Vice Premier He Lifeng has cut the countries' respective tariffs by 115 percent for 90 days. The pause halted what was approaching a trade embargo—one that led to higher prices and recession risks in the United States and deepened deflationary pressures and a manufacturing glut in China.
The deal that emerged from U.S. Treasury Secretary Scott Bessent's talks with Chinese Vice Premier He Lifeng has cut the countries' respective tariffs by 115 percent for 90 days. The pause halted what was approaching a trade embargo—one that led to higher prices and recession risks in the United States and deepened deflationary pressures and a manufacturing glut in China.
