China came to the table

Contrary to China, when he collided with US President Donald Trump’s tariffs, he was a decisive image of this trade war.

This has caused Trump’s viral memes waiting for the Chinese leader to call.

“We will not back down,” the Beijing Ministry of Foreign Affairs is almost a daily message. As the tariffs and rhetoric from Washington grew, China dug about heels.

Even when Chinese officials went to Switzerland for negotiations, a state account on social media posted a cartoon of the US Treasury Minister, which pushed the empty trading cart.

There were even contradictory versions of the one who initiated negotiations in Geneva.

But two days later, the “reliable” negotiations seem to have changed.

So, is the main turning point for Washington and Beijing? The answer is no.

“Consensus from both delegations does not want to unleash this weekend,” said US Finance Minister Scott During Press -conference in Geneva.

“And what happened to these very high tariffs … was the equivalent of the embargo, and none of the parties wants it. We want to trade.”

Economists admit that this agreement is better than expected.

“I thought the tariffs would shrink somewhere about 50%,” said Zhiwei Zhang, Chief Economist at Pinpoint Asset Management in Hong Kong.

But in fact, the US tariffs on Chinese imports will now drop to 30%, while Chinese tariffs for US goods will decrease to 10%.

“Obviously, this is a very positive news for the economy of both countries and for the global economy, and makes investors much less concerned about the damage to global supplies in the short term,” he added.

Trump welcomed Progress on Sunday on his truth social site: “Much was discussed. The general discharge was negotiated in a friendly but constructive, manner.”

Beijing also softened its tone significantly – and perhaps for good reason.

China can take pain from economic war with America – to a certain extent. This is a leading trading partner for more than 100 other countries.

But officials are becoming increasingly concerned about the influence of tariffs on the economy that is already fighting for the fight against the property crisis, stubbornly high unemployment among young people and low confidence in consumers.

The exception of the factory has slowed down, and there are reports that some companies will have to postpone the workers, as the production lines of American goods are ground to stop trade.

Saturday data showed that in April the consumer price index in China decreased by 0.1 percent, the third consecutive month, when consumers are holding back from costs and businesses reduce prices to compete for customers.

The Ministry of Trade of China said on Monday that the agreement that reached the US became an important step towards “resolving differences” and “to lay the basis for overcoming differences and deepening cooperation.”

Such a positive statement from Beijing would seem incredible only a month ago.

Both sides also agreed with the greater negotiations or the “mechanism of economic and trade consultation”, according to Beijing.

But the characteristics of Trump’s “complete reset” in the relationship may be overly optimistic, since Beijing’s statement has a slight bite in the tail.

The Ministry of Commerce ended with a reminder of whom he sees in the wrong.

“We hope that the United States will still work with China to meet each other halfway, based on this meeting, to perfectly correct the wrong practice of unilateral tariffs,” the press secretary said.

Chinese state media also had a warning for Washington. A comment by Xinhua news agency claimed that “kindness and patience has its restrictions in China, and it will never be used on those who suppress and blackmail us without a pause or have no hassle about going back to their word.”

Leaders in Beijing will want to reflect the image of both people and the international community. They will want to appear as if they had not collected an inch. China’s message is that it is responsible and rationality and does everything possible to avoid global recession.

“This is a victory for conscience and rationality,” said Zhang Yun from the school of international relations at Nanjing University.

“Negotiations also set the necessary basis for further dialogue and negotiations in the future.”

This “victory” is only 90 days. Tariffs only temporarily stop to ensure negotiations.

This will allow some trade to flow and will calm the concerned markets.

But the root of the problem still exists. China still sells much more US than buying. And there are other, distant discrepancies with cuts, from Chinese state subsidies, to key industries, to geopolitical tensions in the Taiwan Strait and abroad.

The fight for more balanced trade relations is far from over – it just moved.

The front line has moved from China’s factory floors and US supermarkets to negotiate both in Beijing and Washington.