The Story Has China won the trade war?
Oct 30, 2025
Cindy Yu, a columnist at The Times, dives into the heated US-China trade tensions. She explores how the distinct negotiation styles of Trump and Xi shape outcomes. Listeners hear insights on how supply chains adapted post-2018 tariffs and the economic impacts on households in both nations. Yu explains China's strategic control over rare earth minerals and what 100% tariffs could mean for US consumers. With uncertainty looming, she reflects on both countries' goals and the broader global influence of China.
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Xi's Measured Authoritarianism
- Xi is a private, measured leader who rose by consolidating party control over 13 years.
- His low-key style contrasts sharply with Donald Trump's loud, transactional approach.
Hat Tycoon’s Global Diversification
- A Chinese hat tycoon moved production from China to three factories abroad after the first trade war.
- His diversification shows how firms escape tariffs by relocating supply chains.
Tariff Escalation Hurt Both Economies
- The 2024 tariff cycle escalated rapidly, peaking at threats of over 100% before a temporary ceasefire.
- Even brief tariff instability cut US household incomes and trimmed US GDP growth.