The Briefing China and the US reach trade agreement
May 12, 2025
A recent trade agreement between China and the US aims to ease tensions, slashing tariffs for 90 days. The discussion reveals the fragile nature of this truce amidst unpredictable foreign policy. Additionally, insights into Turkey's potential peace with the PKK and Brazil's vibrant market showcase the interplay of politics and local culture. The evolving villainy in storytelling highlighted through a Brazilian soap opera adds an intriguing layer, reflecting societal changes and the global entertainment landscape.
AI Snips
Chapters
Transcript
Episode notes
Trade War Tariffs Slimmed Down
- The US-China trade deal reduced tariffs to 30% for the US and 10% for China, marking a suspension of the trade war for 90 days.
- Tariffs above 100% effectively halted trade, harming both economies and pressuring companies and manufacturers.
Trump Blinked First in Trade War
- Donald Trump was the first to concede in the US-China trade conflict due to political pressure.
- China could tolerate more economic pain short term, but the US political system forced Trump to seek a truce.
Trade Talks Face Difficult Details
- Although a 90-day truce is agreed, finalizing details will be difficult as both China and the US want better terms.
- No high-level meeting is scheduled yet, negotiations proceed between mid-level officials without a clear end in sight.