💨 Abstract

China claims victory in recent trade truce with the U.S., but tensions persist. Beijing accuses Washington of undermining talks and abusing export controls, while maintaining a firm stance on fentanyl. Despite economic challenges, China is not willing to make hasty concessions. The temporary truce reduces tariffs but deep-rooted strategic rivalry remains, with both sides taking steps to reduce mutual dependency. China is also seeking to diversify its export markets and strengthen alliances.

Courtesy: WTOP Staff