While both governments hailed the temporary trade agreement as a win, the details point to a diplomatic victory for Beijing, at least in the short term.
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Tokyo | Chinese President Xi Jinping’s uncompromising strategy appears to have paid off.
After months of brinkmanship and rising tariffs, the United States and China have agreed to a dramatic rollback in trade levies – marking the biggest thaw in relations since the nations began clashing over trade, technology and geopolitical dominance nearly a decade ago.
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Original URL: https://www.afr.com/world/asia/xi-strikes-a-blow-for-old-school-economic-nationalism-20250513-p5lynt
