China In Context China US tariff talks — Is a deal possible?
May 23, 2025
Guests Jim McGregor, Chairman for Greater China at APCO Worldwide, and Kenneth Jarrett, former US Consul General in Shanghai, delve into the complexities of US-China trade negotiations. They discuss the recent tariffs and the impact on businesses like Huawei amidst escalating tensions. McGregor and Jarrett explore China's strategies for economic independence and their efforts to attract US investment despite skepticism. The conversation highlights the diminishing soft power of the US and the need for improved communication and collaboration to bolster future relations.
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US Government Confusion on Trade Goals
- There is significant confusion in the US government about the ultimate goals of the China trade talks.
- Various factions hold conflicting views, making consensus and coherent strategy difficult.
Tariffs Encourage China's De-Risking
- US tariffs reinforce China's push to reduce reliance on American businesses.
- Chinese companies recognize the need to stay in China to remain competitive globally.
Manufacturer's Dilemma Amid Tariffs
- A Chinese manufacturer with 2,000 employees hesitated to lay off workers fearing difficulty rehiring if trade resumed.
- This illustrates the disruptive uncertainty tariffs cause for businesses managing operations.