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Home Videos

Who Blinked First – Trump or China’s Xi?

DeFi Daily News by DeFi Daily News
April 29, 2025
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Who Blinked First – Trump or China’s Xi?
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President Xi Jinping’s diplomats are fanning out across the world with a clear message for countries cutting deals with Donald Trump: The US is a bully that can’t be trusted.

Chinese officials are racing to turn foreign governments against the US inside a 90-day window Trump has granted all nations — except China — to strike trade deals during a tariff reprieve. Once those pacts are in place, Treasury Secretary Scott Bessent has said he wants US allies to “approach China as a group,” giving his side more leverage in negotiations. 

Elizabeth Economy, Hargrove Senior Fellow at the Hoover Institution at Stanford University, discusses the fragile state of US-China relations and who will ultimately emerge victorious in what she calls a “game of chicken.” Dr. Economy speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.

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Tags: BlinkedChinasDonald TrumpElizabeth EconomyHoover InstitutionPaul SweeneyPeople’s Republic of ChinatariffsTom Keenetrade policytrade wartrade warsTrumpTrump Tarifftrump tariffsu.s.-china trade warUS-ChinaxiXi Jinping
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