China Thinks Trump Has Blinked First in Tariff War

News Snapshot:

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. President Donald Trump's move to exempt electronics from a sweeping U.S. tariff on China marks a "small step" back from an "erroneous practice," Beijing said on Sunday, urging the administration to scrap its tariff regime altogether. Trump has defended his tariff strategy as a way to restore U.S. manufacturing and push trading partners to eliminate what he calls unfair barriers to American goods. Why It Matters The administration's...