Would this be enough to get Donald Trump to ease tariffs on China? Perhaps it might make a good start — and reflect that China has as much to lose in a trade war as the US, if not more.
For background, the US media offered conflicting reports on China’s position yesterday. Axios reported that Xi Jinping believed time was on his side, and that Xi had positioned his economy to withstand the “trillion dollar stress test” Trump had begun with his trade war. Conversely, the Wall Street Journal reported that China’s exports had fallen to the lowest level since the pandemic, and that manufacturing had its weakest indicators in the past year. Both of these analyses, by the way, appear to be mainly based off of Beijing’s official numbers, which are not exactly reliable.
Which scenario comes closest to reality? Xi may be giving us the answer, if this report today in…
