Explosion! Trump's 'Face-changing' Tariff Exemption, the Sino-U.S. Game Still Has Big Drama to Unfold!
Trump just announced a tariff exemption on Chinese products, but he might reverse this decision again in three months—this kind of 'flip-flopping' is not a first. The Sino-U.S. trade negotiations are far from over, and there will be a series of confrontations ahead.
China has quietly shifted its imports from the U.S. to other countries, steadily holding the ace of rare earths, not in a hurry to reveal its hand. According to current estimates, the overall tariffs imposed by the U.S. on Chinese goods have reached as high as 30%-50%, which is quite a pressure.
This 'exemption' is not a concession to China, but rather a consideration of the interests behind Trump. The real game is just beginning.