Trump might claim China tariff victory – but this is Capitulation Day

While Donald Trump celebrated Monday’s temporary truce in the US-China trade war as a victory, financial markets interpreted it as a significant shift toward China—a much-needed tactical retreat after years of escalating tensions. The U.S. reduced tariffs on Chinese goods from 145% to 30%, while China lowered its tariffs on U.S. imports to 10%, suggesting a move toward more moderate trade terms. However, this truce signals deeper divisions and challenges ahead for both nations as they navigate a complex and evolving relationship.