Trump's US-China Trade Truce May Avert a Self-Inflicted Recession

Photo :AI-GENERATED.

 

May13, 2025

Andrew Campbell 

The United States and China have agreed to temporarily ease tensions in their ongoing trade dispute by reducing reciprocal tariffs. Following negotiations in Switzerland, both sides reached a 90-day truce, announced on May 12. Reports suggest that President Donald Trump made a last-minute decision to support the agreement.

 

Previously, President Trump had imposed steep tariffs, prompting concern among economists that his actions were pushing the U.S. economy toward a self-inflicted recession and threatening global supply chains. The escalating trade war between the world’s two largest economies had already caused significant strain.

 

During the 90-day pause, both countries have committed to lowering excessive tariffs. This truce is expected to boost U.S. economic growth, help control inflation, and reduce the risk of a recession.

 

source: 
Global People Daily News