Is the US actually too chicken to take on China for trade? - short news
A weak yuan guarantees Beijing massive trade surplus even as the White House tries tamp down on Chinese imports
Since China offered a truce in the trade war last October following its threat to deprive the United States of rare-earth magnets, the Trump administration has been happy to stop escalating. After all, imports from China have been falling, down by 40% in the year to June, compared with the same period in 2024. Best to declare victory and call it a day.
But the US..
source: The Guardian - 19.08.2026