Trump Blinks as US Signals China Tariff De-Escalation
This article is for subscribers only.
I’m Malcolm Scott, international economics enterprise editor in Washington this week. Today we’re looking at the latest state of play in the US-China trade war. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
At the start of the month, as the US and China’s tit-for-tat tariff war escalated to levels the US Treasury Secretary this week characterized as equivalent to a trade embargo, this newsletter suggested the outcome would come down to which side blinks first.