US President Donald Trump hailed his recent talks with Chinese leader Xi Jinping as a success, but behind the scenes, Beijing was using its leverage to secure better deals for itself. The "amazing" meeting, according to Trump's own self-assessment, saw him agree to cut tariffs on China from 145% to an average of 45%, while suspending the tightening of controls on tech exports.
However, experts say this is a temporary reprieve at best, as the underlying problems in US-China trade relations remain unresolved. The deal doesn't address the fundamental issues that have driven a decade of tensions between Washington and Beijing – from China's refusal to open up its market to American businesses, to its aggressive attempts to expand its global influence.
The agreement also comes with significant risks. China has threatened to cut off access to rare earths, critical minerals used in advanced technologies like AI and electronics, unless the US makes concessions on trade. This could severely damage America's technological edge and have far-reaching economic implications.
What's more, this deal is part of a broader pattern of Chinese aggression that's pushing longstanding US allies towards Beijing. Swingeing tariffs on India, for example, have led the country to explore alternative partnerships with China.
The Trump administration's erratic trade diplomacy has left a trail of uncertainty and instability in its wake. The president's decision to cut tariffs was seen as a concession, but it's unclear whether this will lead to a lasting improvement in US-China relations.
What's clear is that the US needs to retool its approach to trade with China if it wants to win in the long term. The agreement reached in South Korea may have bought Beijing some time, but it's only a temporary pause. The underlying contradictions between Washington and Beijing remain unresolved, and the dangers of escalation are very real – not just for the two superpowers themselves, but for other countries that've put little faith in either side.
Ultimately, this deal highlights the challenges facing US diplomacy under Trump's leadership. The president's tendency to make deals on the fly, often at the last minute, has left his allies and partners scrambling to keep up. It also underscores the need for the US to re-establish itself as a global leader on trade and security issues – rather than ceding ground to China's increasingly assertive foreign policy.
The question is, can Trump and his administration get their act together before it's too late? The clock is ticking, and if they fail to address the underlying problems in US-China relations, the consequences could be disastrous.
				
			However, experts say this is a temporary reprieve at best, as the underlying problems in US-China trade relations remain unresolved. The deal doesn't address the fundamental issues that have driven a decade of tensions between Washington and Beijing – from China's refusal to open up its market to American businesses, to its aggressive attempts to expand its global influence.
The agreement also comes with significant risks. China has threatened to cut off access to rare earths, critical minerals used in advanced technologies like AI and electronics, unless the US makes concessions on trade. This could severely damage America's technological edge and have far-reaching economic implications.
What's more, this deal is part of a broader pattern of Chinese aggression that's pushing longstanding US allies towards Beijing. Swingeing tariffs on India, for example, have led the country to explore alternative partnerships with China.
The Trump administration's erratic trade diplomacy has left a trail of uncertainty and instability in its wake. The president's decision to cut tariffs was seen as a concession, but it's unclear whether this will lead to a lasting improvement in US-China relations.
What's clear is that the US needs to retool its approach to trade with China if it wants to win in the long term. The agreement reached in South Korea may have bought Beijing some time, but it's only a temporary pause. The underlying contradictions between Washington and Beijing remain unresolved, and the dangers of escalation are very real – not just for the two superpowers themselves, but for other countries that've put little faith in either side.
Ultimately, this deal highlights the challenges facing US diplomacy under Trump's leadership. The president's tendency to make deals on the fly, often at the last minute, has left his allies and partners scrambling to keep up. It also underscores the need for the US to re-establish itself as a global leader on trade and security issues – rather than ceding ground to China's increasingly assertive foreign policy.
The question is, can Trump and his administration get their act together before it's too late? The clock is ticking, and if they fail to address the underlying problems in US-China relations, the consequences could be disastrous.