The Fort Worth Press - Trump tariffs torch chances of meeting with China's Xi

USD -
AED 3.672497
AFN 64.999531
ALL 81.290987
AMD 361.508883
ANG 1.789785
AOA 918.000291
ARS 1540.655799
AUD 1.422102
AWG 1.8
AZN 1.699613
BAM 1.750964
BBD 2.018487
BDT 124.174112
BGN 1.747831
BHD 0.378161
BIF 2998.804883
BMD 1
BND 1.283118
BOB 11.881091
BRL 5.404899
BSD 1.002171
BTN 95.340582
BWP 13.824839
BYN 2.947962
BYR 19600
BZD 2.015623
CAD 1.40192
CDF 2315.000071
CHF 0.828305
CLF 0.025075
CLP 990.019883
CNY 6.66835
CNH 6.66514
COP 3151.42
CRC 456.22815
CUC 1
CUP 24.052571
CVE 98.716635
CZK 21.83255
DJF 178.464155
DKK 6.702615
DOP 61.334754
DZD 135.247043
EGP 56.121701
ERN 15
ETB 164.149508
EUR 0.89675
FJD 2.252801
FKP 0.749223
GBP 0.750175
GEL 2.592986
GGP 0.749223
GHS 11.650477
GIP 0.749223
GMD 74.000314
GNF 8869.33245
GTQ 7.660801
GYD 210.009401
HKD 7.844585
HNL 26.905998
HRK 6.758202
HTG 131.259372
HUF 329.190084
IDR 18137
ILS 3.05071
IMP 0.749223
INR 95.020099
IQD 1518.276797
IRR 1817007.498002
ISK 122.340266
JEP 0.749223
JMD 159.104745
JOD 0.708965
JPY 157.706984
KES 129.940234
KGS 87.449202
KHR 4085.853047
KMF 440.999948
KPW 899.999961
KRW 1328.144971
KWD 0.311031
KYD 0.835191
KZT 451.928844
LAK 22555.260119
LBP 89745.428501
LKR 332.999096
LRD 170.369342
LSL 16.666667
LTL 2.95274
LVL 0.60489
LYD 6.426285
MAD 9.843821
MDL 18.009114
MGA 4551.579042
MKD 55.126076
MMK 2099.77173
MNT 3599.40728
MOP 8.098551
MRU 40.299196
MUR 47.349364
MVR 15.449865
MWK 1737.818662
MXN 18.617302
MYR 4.088599
MZN 63.910061
NAD 16.666667
NGN 1345.050013
NIO 36.876055
NOK 9.31625
NPR 152.544573
NZD 1.75332
OMR 0.384505
PAB 1.002162
PEN 3.454941
PGK 4.55866
PHP 64.007017
PKR 277.328857
PLN 3.95021
PYG 5777.21077
QAR 3.663433
RON 4.797303
RSD 105.371001
RUB 80.553964
RWF 1481.736795
SAR 3.745151
SBD 8.064647
SCR 13.806655
SDG 601.500451
SEK 9.938845
SGD 1.28101
SHP 0.749344
SLE 22.950252
SLL 20969.504398
SOS 572.694718
SRD 37.69199
STD 20697.981008
STN 21.933849
SVC 8.769103
SYP 13001.999685
SZL 16.661071
THB 33.747968
TJS 9.245066
TMT 3.5
TND 2.993684
TOP 2.40776
TRY 49.787299
TTD 6.811284
TWD 32.432503
TZS 2645.16302
UAH 45.754918
UGX 4489.905546
UYU 40.188543
UZS 11994.001656
VES 859.934972
VND 25834
VUV 118.743227
WST 2.764729
XAF 588.22938
XAG 0.018742
XAU 0.000248937349
XCD 2.70255
XCG 1.806193
XDR 0.707052
XOF 588.22938
XPF 106.770519
YER 236.149725
ZAR 16.663401
ZMK 9001.202876
ZMW 20.178607
ZWL 321.999592
SSP 5745.701932
MXV 2.099881
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Trump tariffs torch chances of meeting with China's Xi
Trump tariffs torch chances of meeting with China's Xi / Photo: © AFP/File

Trump tariffs torch chances of meeting with China's Xi

With his storm of tariffs on Chinese goods, US President Donald Trump has torched ties with Beijing and likely wrecked any hope of meeting his counterpart Xi Jinping in the near term, analysts say.

Text size:

Since taking office in January, Trump's maelstrom of import duties against friend and foe alike has rattled diplomats and pushed global markets to the brink of financial meltdown.

A screeching halt on further levies for most countries has calmed nerves -- for now at least -- but there has been no reprieve for China, accused by the US leader of trying to "screw" Washington.

Adding to the tensions, talks between the two superpowers on international issues like climate change and opioid addiction seem to have stalled.

"Under Trump, China-US ties have sunk to the worst state of affairs short of a fairly large armed conflict," Shi Yinhong, director of the Center for American Studies at Beijing's Renmin University of China, said.

"Trump has unsheathed his dagger against China at a speed that exceeded many people's imaginations," he said.

After a flurry of tit-for-tat hikes, the United States now charges tariffs of 145 percent on many products imported from China, with cumulative duties on some goods reaching a staggering 245 percent.

A furious Beijing has set a retaliatory toll of 125 percent on goods entering from the United States, and dismissed further rises as pointless.

US-China relations are in "effectively a state of economic war", Susan Thornton, who served as acting top US diplomat for East Asia during Trump's first administration, told AFP.

"China views Trump's stated intent to... erect a 'tariff wall against China' as illegal and an existential threat," Thornton, now a senior fellow at Yale's Paul Tsai China Center, said.

- No backing down -

Just a few weeks ago, multiple reports suggested Beijing and Washington were mulling a face-to-face meeting to coincide with the two leaders' birthdays in June.

But recent events have effectively left those plans dead in the water.

Trump's "rude and unreasonable" behaviour has made any talks in the first half of the year "very unlikely", according to Wu Xinbo, director of the Center for American Studies at Shanghai's Fudan University.

Rosemary Foot, a professor and senior research fellow at Oxford University's politics and international relations department, said Beijing "would want to ensure that there would be some policy deliverables and Xi would be treated with respect".

Trump has approached the trade conflict with a typical mixture of flattery, denigration and bombast -- slamming China's "lack of respect" while hailing Xi as a "smart guy" and talking up a prospective trade deal.

Ali Wyne, a senior research and advocacy adviser focusing on US-China ties at the International Crisis Group think tank, said neither Trump nor Xi "will want to convey that he has yielded to the other".

The "likeliest impetus" for talks, he said, would be a scenario where both could claim victory -- Trump by his willingness to keep ratcheting up economic pressure, and Xi by showing China's resilience.

Rana Mitter, a professor of US-Asia relations at the Harvard Kennedy School, said a Trump-Xi summit was "still quite possible", citing the mercurial US leader's dizzying pivot from threatening war against North Korea in 2017 to meeting Kim Jong Un the following year.

"Beijing will not agree to meet if it looks as if they are conceding to the US, so behind-the-scenes diplomacy will likely be necessary," Mitter said.

- Back door shut -

Other analysts said Trump's fiery rhetoric and crippling tariffs had likely laid waste to backdoor talks.

Under his predecessor Joe Biden, Washington and Beijing maintained dialogue on the fentanyl crisis, climate change and other issues.

Those channels "are moribund now, as far as I can tell, and that makes it difficult to prepare the ground for such a summit", Oxford's Foot said.

Wu, of Fudan, said Trump's out-of-hand dismissal of Chinese efforts to curb fentanyl precursor exports and his climate change denial meant the space for lower-track dialogue "has, in practice, already disappeared".

In official pronouncements, China has mocked Trump's tariffs as a "numbers game" and a "joke" with no economic benefits.

Beijing has also sought to cast itself as a defender of fair trade and stability in the face of unwarranted US "bullying".

Experts said China may yet scent opportunity in the face of Trump's economic carnage.

"Trump's colossally ill-conceived mass alienation of other countries may mean more receptivity for China's outreach," said Yale's Thornton -- adding that Beijing was likely conducting "economic triage".

W.Knight--TFWP