US-China call a truce, but global trade dynamics has changed forever

US-China call a truce, but global trade dynamics has changed forever

FILE PHOTO: U.S. President Donald Trump signs an executive order at the White House in Washington, D.C., U.S., April 8, 2025. REUTERS/Nathan Howard/File Photo

After 40 days of escalating trade tensions driven by US President Donald Trump’s sweeping campaign of “reciprocal tariffs”, the world’s two largest economies agreed to a temporary ceasefire in Geneva on May 12, offering a fragile reprieve in a mounting global trade war.

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