Is the US actually too chicken to take on China for trade?
- Since China offered a truce in the trade war last October following its threat to deprive the United States of rare-earth magnets, the Trump administration has been happy to stop escalating.
- After all, imports from China have been falling, down by 40% in the year to June, compared with the same period in 2024.
- Best to declare victory and call it a day.
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- Since China offered a truce in the trade war last October following its threat to deprive the United States of rare-earth magnets, the Trump administration has been happy to stop escalating.
- After all, imports from China have been falling, down by 40% in the year to June, compared with the same period in 2024.
- Best to declare victory and call it a day.
Sources: Guardian