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Global markets surged after President Trump paused tariffs for most countries—except China. While others received a 90-day reprieve, Trump escalated pressure on Beijing, imposing an additional 145% tariff on all Chinese imports. China retaliated by increasing its own tariffs and restricting American film exports. The escalating U.S.-China trade war sees both powers refusing to initiate talks. White House officials state Trump is waiting for Xi Jinping to request a call, emphasizing Beijing must make the first move. However, sources say China refuses, wary of appearing weak. Trump remains confident a deal is possible, envisioning gains on exports, fentanyl control, and TikTok restructuring.
#TrumpWaits #ChinaHoldsFirm #inTradeStandoff #cisnewsstudio1s
