New economic data show that China has made significant strides in offsetting the economic impacts of the US-China trade stand-off. A recent flurry of diplomatic engagement between the US and China, both at numerous levels and from numerous departments, indicates a gradual softening of the highly confrontational tête-à-tête that President Trump began with his “reciprocal” confrontation earlier this year.
Tariffs & US Relations
After US and Chinese officials, led by Treasury Secretary Scott Bessent, and Vice Premier He Lifeng, met in Stockholm, Sweden the tariff truce was extended by a further 90-days, commencing 11th August and ending 10th November. In the interim US tariffs on the majority of Chinese goods will remain capped at 30%, and Chinese tariffs on the majority of US goods will remain at 10%. That said, on 1st August the US imposed a 50% tariff on a selection of unfinished copper products, whilst China continues to keep a firm grip on the export of rare earths products to th...
You must be signed in to read this content. Please enter your user name and password below for access. Want the full Brief? Register free for full access to 16+ countries. Register for free here.