If it always seemed likely that there’d be a fig-leaf deal with China, there isn’t even a fig leaf here — just a promise to keep talking and perhaps fashion one later.
Day: May 12, 2025
There’s been a big breakthrough in the battle over tariffs. The United States and China have paused many of their most punishing tariffs, for the time being, while they try to reach a larger deal. It’s a major thaw in the trade war between the world’s two biggest economies. Lisa Desjardins reports.
As the U.S. and China announced a surprising pause on tariffs, we’re taking a look at what’s behind it and where things go in the weeks ahead. To discuss the trade negotiations, Geoff Bennett spoke with Derek Scissors of the American Enterprise Institute, a conservative think tank, who closely follows the Chinese economy and U.S.-China relations.
