Trump might claim China tariff victory – but this is Capitulation Day
How did your country report this? Share your view in the comments.
Introduction:
The news topic “Trump might claim China tariff victory – but this is Capitulation Day” has drawn international attention, with various media outlets providing diverse insights, historical context, political stances, and on-the-ground developments. Below is a curated overview of how different countries and media organizations have covered this topic recently.
Quick Summary:
- Donald Trump will inevitably claim Monday’s temporary truce in the US-China trade war as a victory. But financial markets seem to have read it for what it is – a capitulation. tariffs on Chinese goods will be cut from 145% to 30% – initially for a 90-day period. In return, China has cut its own tariffs on US imports to 10%, from the 125% it had imposed in retaliation against the White House. That still marks a big shift in the terms of trade between the two countries since before Trump came to power, but falls far short of what was in effect a trade embargo. The two sides have pledged to keep talking, but there was no reference in the statement put out by theWhite House to other gripes it has previously raised about China, including the weakness of the yuan. Instead, the statement hailed “the importance of a sustainable, long-term and mutually beneficial economic and trade relationship”
- The US and China have agreed a 90-day pause to the deepening trade war. US tariffs will be lowered by 115 percentage points. Wall Street rose sharply after the announcement, with the benchmark S&P 500 jumping 2.7%. Trump signaled he may now turn his focus to the European Union, which he claimed had been ‘nastier’ than China in the past. The S&p 500, which endured a torrid sell-off as Trump ramped up his tariffs on China and much of the world, has now reversed all its losses since his “liberation day” announcement in April. Much of what he unveiled that day has since been shelved. The US treasury secretary, Scott Bessent, said both sides had shown “great respect” in the negotiations. “The consensus from both delegations this weekend was neither side wants a decoupling,” he said.
Country-by-Country Breakdown:
Original Coverage
Donald Trump will inevitably claim Monday’s temporary truce in the US-China trade war as a victory. But financial markets seem to have read it for what it is – a capitulation. tariffs on Chinese goods will be cut from 145% to 30% – initially for a 90-day period. In return, China has cut its own tariffs on US imports to 10%, from the 125% it had imposed in retaliation against the White House. That still marks a big shift in the terms of trade between the two countries since before Trump came to power, but falls far short of what was in effect a trade embargo. The two sides have pledged to keep talking, but there was no reference in the statement put out by theWhite House to other gripes it has previously raised about China, including the weakness of the yuan. Instead, the statement hailed “the importance of a sustainable, long-term and mutually beneficial economic and trade relationship” Read full article
Trump claims ‘total reset’ of US-China ties as 90-day pause to trade war agreed
The US and China have agreed a 90-day pause to the deepening trade war. US tariffs will be lowered by 115 percentage points. Wall Street rose sharply after the announcement, with the benchmark S&P 500 jumping 2.7%. Trump signaled he may now turn his focus to the European Union, which he claimed had been ‘nastier’ than China in the past. The S&p 500, which endured a torrid sell-off as Trump ramped up his tariffs on China and much of the world, has now reversed all its losses since his “liberation day” announcement in April. Much of what he unveiled that day has since been shelved. The US treasury secretary, Scott Bessent, said both sides had shown “great respect” in the negotiations. “The consensus from both delegations this weekend was neither side wants a decoupling,” he said. Read full article
Global Perspectives Summary:
Global media portray this story through varied cultural, economic, and political filters. While some focus on geopolitical ramifications, others highlight local impacts and human stories. Some nations frame the story around diplomatic tensions and international relations, while others examine domestic implications, public sentiment, or humanitarian concerns. This diversity of coverage reflects how national perspectives, media freedom, and journalistic priorities influence what the public learns about global events.
How did your country report this? Share your view in the comments.
Sources:
Source: https://www.theguardian.com/us-news/2025/may/12/trump-china-tariff-victory-capitulation-day