Big Take
Who Will Blink First in the US-China Trade War?
Apr 17, 2025
Bloomberg’s John Liu, the executive editor for Greater China based in Beijing, discusses the high-stakes U.S.-China trade war. He dives into the differing negotiation styles of Trump and Xi, highlighting how personal and national pride shape their strategies. Liu also addresses China's economic resilience and its unexpected pushback against tariffs, suggesting that hardball tactics may falter this time around. The conversation emphasizes the critical need for strategic dialogue to navigate these complex tensions.
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Quick takeaways
- The U.S.-China trade war is characterized by significant tariffs, reflecting a shift in U.S. policy under Trump's hardball negotiation style.
- China's economic vulnerabilities and strong public support for assertiveness complicate negotiations, as both leaders grapple with national pride.
Deep dives
Tensions and Tariffs in the U.S.-China Trade War
The ongoing trade war between the U.S. and China has led to significant economic uncertainty globally, with both nations implementing substantial tariffs on each other's exports. Recently, the U.S. announced tariffs as high as 145 percent on Chinese goods, prompting China to respond with its own tariffs and restrictions, particularly on critical materials like rare earth minerals. This escalation highlights a shift in the target of U.S. trade policy, as the current administration aims to assert American interests and leverage Trump's tough negotiation style. China's leadership, particularly President Xi Jinping, is portrayed as methodical and prideful, suggesting reluctance to engage in negotiations perceived as disrespectful.
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