This week, US President Donald Trump announced his readiness to reduce tariffs on Chinese goods, hinting at a possible reversal in the trade war. Amid market volatility, he acknowledged that the 145% tariff was “too much” and made it clear that the barrier would be reduced, but “not to zero.”

These statements came shortly after US Treasury Secretary Scott Bessent warned at a JP Morgan conference that the current tariffs were effectively tantamount to an embargo. According to sources, the White House is considering reducing tariffs to 50-65%.

China, in turn, has strengthened its position by devaluing the yuan and reorienting exports to Southeast Asia and Latin America. China’s total trade turnover grew by 1.3% in the first months of 2025, despite a 20% decline in trade with the US. At the same time, Beijing is increasing automation, replacing workers with AI-controlled industrial robots, which reduces costs and increases competitiveness.

The talks in Switzerland lasted just over an hour and ended without any victorious reports. According to experts, this was a pre-planned statement by China about its rejection of pressure from the United States.

American businesses, from farmers to retailers, are putting increasing pressure on the administration, fearing the consequences of protectionism - from inflation to recession. Given the slowdown in GDP growth to 0.1% in 2025, compromise is becoming vital for Washington.

But will the two economic giants be able to return to cooperation on an equal footing? China has made it clear: the conversation is only possible on the basis of mutual respect.