‘US has chickened out’: How Xi Jinping called Donald Trump’s bluff on trade war
After months of tit-for-tat tariff escalations, the United States and China agreed to a sweeping de-escalation in their trade war, marking a significant retreat from President Donald Trump’s aggressive stance. In a deal announced after two days of high-level negotiations in Geneva, the US agreed to cut tariffs on Chinese goods to 30% from 145%…