President Trump wants to cut a deal with China so that he can claim victory and roll back some tariffs. But China’s leaders aren’t playing ball. They are considering tariff exemptions for certain goods but this is damage control not de-escalation and they have rebuffed Trump’s attempts to bring them to the negotiating table. This defiant position diminishes the chance of any meaningful reset in the US-China relationship, even if a partial rollback of tariffs does eventually happen.
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