Trump hints at tariff reduction in trade war with China, but Beijing remains resistant. Summit prospects uncertain.

In a recent development, US President Donald Trump appears to be considering reducing tariffs in the ongoing trade war with China, although Beijing has not yet indicated a reciprocal response. China, on the other hand, is gearing up to assert its economic independence amidst the escalating tensions. Analysts believe that Trump’s apparent change in approach may be influenced by internal political dynamics. The current scenario is being characterized as an economic battle between the two global superpowers. Despite earlier expectations, a potential summit between Trump and Chinese President Xi Jinping seems improbable due to the lack of trust between the two nations. The evolving situation in the trade dispute between the US and China continues to be closely monitored for further developments.

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