Donald Trump may have blown the lid off the current trade war with China, but Xi Jinping might be having last word. Three weeks out from "liberation day" — when Trump announced severe tariffs on US allies and adversaries alike — the president is reeling from a hard lesson about the global economy in 2025. Namely, that China, not the United States, is holding the leash on international trade. After a series of confusing financial escalations and retaliations, the White House now wants to substantially walk back its threatened tariff rate, which at one point rose as high as 245 […]

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Link :
https://futurism.com/trump-tariffs-china-lesson