No. of Recommendations: 10
China is down to 10% and the US is down to 30%. They also made progress on fentanyl.Both tariff levels are higher than before the trade war started, and almost every other aspect of prior trade policy remains intact. No changes have been made to anything that existed before the trade war, for the most part (I haven't seen what
substantive changes on fentanyl may have occurred over the weekend discussions. Basically both sides called a major
ceasefire in the current hostilities, but no material changes have been made to the prior
status quo.
Bessent also pretty much says the opposite of what you wrote.“The consensus from both delegations is that neither side wanted a decoupling,” Treasury Secretary Scott Bessent, who was a point person in the U.S.-China talks in Geneva over the weekend, said on Monday. https://archive.ph/90uIf#selection-755.0-757.126That's a major repudiation of the Navarro/Lutnick view of the China strategy.
