Washington and Beijing have finally agreed a pause in their escalating trade war. US and Chinese officials announced in Geneva this week that US tariffs on Chinese goods would fall to 30%, while Chinese tariffs on US products would drop back to 10%.
But the real battle to determine the fate of future US-Sino relations will be in negotiations that take place in the next 90 days. As both sides jostle to protect respective national interests, a win is possible for China. But that probably hinges on whether Donald Trump sees what’s on offer as a win for him as well.
The 90-day deal to deescalate tariffs, which begins on May 14, includes significant concessions, and shows a willingness from both sides to negotiate.
