Probably the man who slapped China with a 145% tariff is thinking: Maybe that was a bit much. Trump’s considering cutting those levies—maybe by half—to calm the chaos he created. White House says it’s not folding, just strategizing. China, on the other hand, thinks the U.S. is blinking first.
No final deal is on the table yet, but both sides are moving closer. But don’t be fooled—this isn’t a détente, it’s a pressure valve release. Markets cheered, but under the surface, the game remains the same: leverage, optics, and very few actual deals. Trump still believes in his mythical dealmaking magic, but Beijing seems far more patient—and less impressed.
In Context: In the tariff war, China has an army of robots. (Gift Article)
Bonus: Has the stock market hit bottom? You can learn from history.
