Articles
8 May 2025 

Listen: China’s playbook for US trade talks

Officials from China and the US will meet in Switzerland this week to de-escalate a trade war that has disrupted global supply chains, deepened economic uncertainty, and triggered significant market volatility. In this podcast, ING’s Lynn Song discusses how China is likely to approach the talks and assesses the economic impact of the tariffs so far

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Signs that US-China trade tensions may be easing have helped to lift global markets after a volatile April sparked by President Trump’s aggressive tariff campaign. Trump imposed a 145% tariff on Chinese imports, though tariff rates can be significantly higher or lower depending on the product. China, meanwhile, has retaliated with a 125% tariff on US goods. Now, both sides have agreed to meet in Switzerland in a bid to de-escalate the trade war.

In this podcast, ING’s Chief Economist for Greater China, Lynn Song, discusses how China might approach the talks, the future of trade relations, and how the shift in global dynamics could shape China's economy in 2025 and beyond.

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