World Business Report

Will Trump agree to China's tariff truce?

5 snips
Jul 29, 2025
Max Barkas, former U.S. ambassador to China, shares his insights on the delicate U.S.-China tariff negotiations and President Trump's role in shaping the outcome. He discusses the implications of tariffs on global trade, while addressing the struggles small businesses face amidst these uncertainties. The conversation also turns to the plight of Syrian refugees returning to their homeland despite risks, and the staggering $131 billion cost of natural disasters this year, highlighting the urgent need for resilience in the face of climate challenges.
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INSIGHT

Tariff Truce Hinges on Trump

  • The US-China tariff truce extension depends entirely on President Trump's approval.
  • Despite confusion, both sides show willingness to continue dialogue to avoid escalating trade war risks.
INSIGHT

Negotiation Styles Align

  • Both US and China desire stability, motivating ongoing trade talks.
  • China uses prolonged talks as negotiation strategy, aligning somewhat with Trump's approach.
INSIGHT

Economic Pressure Drives Deal Talks

  • Pressure on both US and Chinese economies motivates them toward a trade deal.
  • Neither side wants tariff escalation to unbearable levels for their citizens and markets.
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