this post was submitted on 13 May 2025
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China sees the U.S. trade deal as a huge win for Beijing (www.cnbc.com)
submitted 3 weeks ago by MicroWave@lemmy.world to c/economics@lemmy.world
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KEY POINTS

  • China is casting the trade agreement with the U.S. as a victory.
  • After two days of negotiations with U.S. officials, China got the Trump administration to roll back its 145% tariffs, which had all but halted bilateral trade.
  • Stock markets across the world surged after Beijing and Washington announced the deal.
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[–] skozzii@lemmy.ca 1 points 3 weeks ago

It was at this moment, the US realized they F'd up and are no longer the world's power.