Apparently, many Chinese are also embracing “castles in the air,” by believing that Beijing has already trounced United States President Donald J. Trump in trade wars, while assuming that China will soon emerge as the most powerful and richest nation in our world in the very near future.

The agreement reflects a strategic recalibration by the Trump administration, balancing domestic economic pressures with foreign policy objectives. High tariffs had begun to impact U.S. manufacturers and consumers, leading to inflationary pressures and supply chain disruptions.

Steve Witkoff has worked with President Trump for a number of decades in business and politics. He played a crucial role in Trump’s illustrious career as a property developer. Witkoff has also been appointed as a troubleshooter for the Trump administration to resolve complicated US foreign policy matters and long-standing diplomatic disputes.

The stock markets across the globe have been in turmoil ever since United States President Donald J. Trump welcomed ‘Liberation Day’ with a bold announcement to increase tariff rates to a substantial degree on all sovereign nations and regional actors.

Trump declares April 2 “Liberation Day,” launching high tariffs under the Reciprocal Trade Act to protect U.S. industries.

Tariffs curb imports from Europe, Japan, Mexico, and China, boosting U.S. auto production and jobs for a stronger domestic industry.

Rising tariffs and a depreciating yuan are reshaping U.S.-China trade, with impacts on prices, market access, and global supply chains.