In a surprising turn of events, President Donald Trump appears to be easing his approach towards the trade war with China. Speculations suggest that he may lower tariffs, however, Beijing has not reciprocated to this gesture. China is displaying resilience and gearing up to function autonomously amidst the ongoing tensions. Analysts believe that Trump’s change in stance is influenced by internal political dynamics. The current scenario is being characterized as an economic battle between the two global powers. Despite the escalating trade tensions, the possibility of a summit between Trump and Chinese President Xi Jinping seems bleak due to the existing lack of trust between the two nations. This development will likely have significant implications on the global economy, especially in the context of India’s trade relations with both the United States and China.

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Trump hints at lowering tariffs in trade war with China, but Beijing resists. Summit with Xi Jinping doubtful.
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