In May, the U.S. and China agreed to reduce import tariffs by a combined 115 percentage points, down to 10 percent. The agreement was intended to cool years of tariffs and trade conflict that came to a head on 2 April with the announcement of new U.S. tariffs. At the time, both sides indicated the agreement was a framework toward a larger, longer term understanding that could lead to a deal in time. However, that agreement was short-lived. The Trump Administration has since issued artificial intelligence (AI) chip export control guidelines, stopped the sale of chip design software to China, and is planning to revoke a number of Chinese student visas, particularly targeting those with ties to the ruling Chinese Communist Party. China has sta...

TAGS – China, Europe, North America, Macroeconomics