US and Chinese Rep’s meet in London to hash things out…..
Maybe….
Even as China is painted as a agressor in the media?
Both American AND China need each other economically….
Trump HAS backed down from serve actions against China in trade…
(China HAS slowed some imports to the US).
This while America bulks up it’s defense asset’s in the Asian part of the world…
The trade war has triggered sudden and drastic shifts in the flow of Chinese goods, most notably a sharp slowdown of Chinese exportsto the United States. China on Monday reported that shipments to the United States fell by over 34 percent in May from the same month a year ago, the steepest decline since 2020. The slowdown may have contributed to Beijing’s willingness to meet in London for more trade talks, experts said.
In China, a slow-motion housing market collapse over the past four years has wiped out much of the savings of the country’s middle class, leaving hundreds of millions of households reluctant to spend. China has tried to offset weak consumer spending at home with a huge, government-financed campaign to build factories and ramp up exports.
But the Trump administration, like the Biden administration before it, has been wary that these exports could crush what is left of America’s manufacturing sector, which is only half the size of China’s. The Trump administration has cited trade imbalances as justification for tariffs against China and dozens of other countries, many of which pay for their own trade deficits with China by running large trade surpluses with the United States.
Mr. Trump’s trade agenda has upended international commerce this year, sending economic allies and adversaries scrambling to negotiate deals with Washington in hopes of a reprieve on tariff threats. The abrupt announcement of tariffs on America’s largest trading partners have often been followed by reversals or pauses, forcing businesses to adjust their plans on the fly and rattling investors….
…
A 90-minute conversation between Mr. Trump and Xi Jinping, China’s leader, last week appeared to ease the tension. Mr. Trump suggested that the questions surrounding China’s restrictions on critical minerals known as rare earths, and magnets made from them, had been addressed and that talks would proceed. Mr. Trump also seemed to soften his administration’s stance on visas for Chinese students….
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