no winners in a trade war, but prepared to defend itself.
Negotiations will be challenging, according to Bessent, but de-escalation is anticipated. Trump expressed optimism for a quick deal and a cooperative relationship. The previous administration saw a failed phase one deal and escalating tariffs. China resisted, building ties elsewhere.
Washington's tariff pauses were seen as a tactic, but Beijing warned against deals harming its interests. The trade war's economic costs are mounting, with slower growth. Economists warn of uncertainty and a tax increase. Chinese media highlights U.S. costs.
A Beijing professor sees a policy discrepancy, but the U.S. goal of containing China remains. Beijing struggles to establish a reliable channel with the Trump administration. China emphasizes the need for equal, respectful, and mutually beneficial dialogue.
5 Comments
Matzomaster
Preparation to defend against unfair practices shows strength and resolve!
Karamba
The costs are mounting, but it’s crucial to navigate this carefully to avoid worse consequences.
Rotfront
I appreciate the focus on a cooperative relationship; it's essential for both economies.
Matzomaster
I believe that both countries can find common ground if they're willing to listen.
Rotfront
Optimism is key in negotiation; let’s hope the Trump administration can deliver results.