As US and China begin trade talks in Geneva, Trump’s tariff hammer looks less mighty than he claims

In Washington, President Donald Trump believes that winning a trade war against China should be straightforward. His reasoning is that since the Chinese sell three times more to Americans than vice versa, they stand to lose more. Trump is confident that by imposing significant tariffs, like the recent 145% taxes on Chinese imports, he can force China to surrender.

However, China has not yielded under the pressure of Trump’s tariffs and has retaliated with high tariffs of its own. The two countries are engaged in a tense trade dispute, with negotiations ongoing to ease tensions. The outcome remains uncertain, with experts warning of the challenges ahead.

Trump’s aggressive use of tariffs as an economic weapon has not yielded the results he anticipated. The trade war with China has caused market volatility and uncertainty for businesses. Despite the ongoing negotiations, both countries are facing economic challenges due to the trade dispute.

The reliance of both countries on bilateral trade underscores the complexity of the situation. As the negotiations continue, the global economy watches closely to see how the trade war between the two economic giants unfolds.