China Declares Trade Deal Victory as Trump’s Tariff Bluff Backfires
The 90-day trade truce between the U.S. and China is being hailed as a victory in China, with officials and state media emphasizing the effectiveness of Beijing’s assertive negotiating stance. This strategy is credited with securing a deal that significantly reduced U.S. tariffs on Chinese goods from 145% to 30%, in exchange for a reduction in Chinese tariffs on U.S. goods. The agreement, celebrated widely on Chinese social media, showcases a perceived triumph of Beijing’s firm countermeasures. This positive reception highlights the impact of the reduced tariffs and underscores the narrative of Chinese success in the trade negotiations.
John Q. Hosedrinker