Bloomberg: ”Trump surrenders to Xi Jinping's patience... a clear victory for China”

Trade tensions between the United States and China have eased significantly after the two countries agreed to a comprehensive 115 percentage point reduction in tariffs.
On the 12th (local time), the US Bloomberg News reported that
He said the country has made few concessions and credited President Xi Jinping's persistence with prompting President Donald Trump to raise his hand.
Both countries agreed to reduce tariffs by 115 percentage points.
The country's tariff on imported goods is 145%, while China's tariff on imported goods is 125%. This resulted in the US tariff on imported goods being reduced to 30% and China's tariff on imported goods being reduced to 10%.
China has made efforts to resolve the fentanyl issue, including sending its Minister of Public Security to the recent negotiations in Geneva, Switzerland.
At the meeting, the two countries agreed to take aggressive measures to stem the flow of fentanyl. The tariffs on fentanyl are 20%. If these are also rescinded, the US tariffs on fentanyl will be 20%.
That's expected to fall to 10 percent, the same level as the United States' top ally, Britain, Bloomberg noted. Trey Mak, co-founder of research firm Trivium China, said:
"This is the best outcome China could hope for, and the United States lost," Arbour said. He added that "this will further boost China's confidence in future negotiations."
In fact, this was already expected. President Xi Jinping has been defiant ever since President Trump began raising tariffs to their highest levels in 100 years.
Unlike other world leaders, he has continued to reject President Trump's requests for a call. Instead, he has lowered base interest rates and secured new export markets for Chinese goods while simultaneously surrounding the United States.
China has begun to feel economic pain, with factory activity slowing, but Xi has not succumbed to U.S. pressure by stoking nationalism.
In response to this, Trump received a great deal of pressure from his aides and the business community to lower tariffs when the U.S. stock prices plummeted. If the stock prices plummeted, Trump would lose next year's midterm elections.
As a result, Trump ended up throwing in the white flag. Immediately after the U.S. and China agreed to a ceasefire in the trade war, President Trump made a series of announcements to President Xi, including saying, "I will speak with President Xi as early as this weekend."
has been courting Xi, but Bloomberg reported that Xi has yet to respond.