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Trump-Xi Meeting Signals Trade War Truce After Years of Tariffs

New York Times Business •
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President Trump is preparing to meet with Chinese President Xi Jinping as the trade war between the world's two largest economies has reached an uneasy truce. The conflict, which once threatened to freeze commerce between the United States and China, has stalled after years of escalating tensions and tariff impositions. The meeting signals a potential de-escalation after the economic confrontation disrupted global supply chains and markets.

Trump imposed tariffs on Chinese goods far steeper than those applied to any other country. The tariffs, which targeted hundreds of billions of dollars in imports, marked a dramatic shift in U.S. trade policy toward Beijing and sparked retaliatory measures from China. These duties affected everything from consumer electronics to agricultural products, creating uncertainty for businesses on both sides of the Pacific.

The stalemate represents a significant turning point in the bilateral relationship. What began with tariffs on steel and aluminum expanded into a broader economic confrontation affecting technology, agriculture, and manufacturing sectors. The uneasy truce now leaves businesses and investors navigating an uncertain landscape while both nations seek to stabilize their economic ties.