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

USD -
AED 3.672498
AFN 66.148191
ALL 82.068343
AMD 381.699391
ANG 1.790403
AOA 916.99988
ARS 1440.7439
AUD 1.503793
AWG 1.8
AZN 1.699903
BAM 1.664171
BBD 2.013461
BDT 122.170791
BGN 1.66426
BHD 0.376978
BIF 2953.098941
BMD 1
BND 1.288843
BOB 6.933052
BRL 5.406404
BSD 0.999711
BTN 90.668289
BWP 13.203148
BYN 2.923573
BYR 19600
BZD 2.010568
CAD 1.37606
CDF 2239.999697
CHF 0.794545
CLF 0.023284
CLP 913.550023
CNY 7.054499
CNH 7.040365
COP 3807.37
CRC 500.068071
CUC 1
CUP 26.5
CVE 93.823389
CZK 20.672603
DJF 178.023212
DKK 6.351085
DOP 63.501923
DZD 129.675982
EGP 47.454198
ERN 15
ETB 155.594517
EUR 0.85007
FJD 2.255901
FKP 0.748248
GBP 0.746725
GEL 2.703684
GGP 0.748248
GHS 11.496375
GIP 0.748248
GMD 72.999636
GNF 8693.543446
GTQ 7.65801
GYD 209.150549
HKD 7.78138
HNL 26.332494
HRK 6.407598
HTG 130.986011
HUF 327.15099
IDR 16669
ILS 3.214585
IMP 0.748248
INR 90.69645
IQD 1309.604847
IRR 42122.503518
ISK 125.980117
JEP 0.748248
JMD 159.763112
JOD 0.708968
JPY 154.951015
KES 129.000105
KGS 87.45029
KHR 4000.034036
KMF 419.499164
KPW 899.999687
KRW 1467.110041
KWD 0.30672
KYD 0.833099
KZT 515.622341
LAK 21662.809299
LBP 89523.161227
LKR 309.11133
LRD 176.449066
LSL 16.773085
LTL 2.95274
LVL 0.60489
LYD 5.419319
MAD 9.176168
MDL 16.874708
MGA 4456.111092
MKD 52.386565
MMK 2099.265884
MNT 3545.865278
MOP 8.013921
MRU 39.767196
MUR 45.949654
MVR 15.400451
MWK 1733.51826
MXN 17.98899
MYR 4.092499
MZN 63.909588
NAD 16.773085
NGN 1452.389994
NIO 36.792485
NOK 10.13206
NPR 145.069092
NZD 1.724695
OMR 0.384513
PAB 0.999711
PEN 3.366461
PGK 4.248494
PHP 58.825957
PKR 280.165924
PLN 3.588798
PYG 6714.373234
QAR 3.643511
RON 4.328604
RSD 99.80103
RUB 79.247686
RWF 1455.544872
SAR 3.751978
SBD 8.176752
SCR 14.406023
SDG 601.497294
SEK 9.27336
SGD 1.288475
SHP 0.750259
SLE 24.125024
SLL 20969.503664
SOS 570.351588
SRD 38.610012
STD 20697.981008
STN 20.846806
SVC 8.74715
SYP 11056.681827
SZL 16.776148
THB 31.447035
TJS 9.192328
TMT 3.51
TND 2.923658
TOP 2.40776
TRY 42.697297
TTD 6.784997
TWD 31.305503
TZS 2482.501398
UAH 42.255795
UGX 3560.97478
UYU 39.174977
UZS 12094.5509
VES 267.43975
VND 26320
VUV 121.127634
WST 2.775483
XAF 558.147272
XAG 0.01572
XAU 0.000231
XCD 2.70255
XCG 1.801675
XDR 0.695393
XOF 558.147272
XPF 101.477145
YER 238.506089
ZAR 16.78781
ZMK 9001.202967
ZMW 23.168034
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • GSK

    0.4000

    49.21

    +0.81%

  • NGG

    0.6400

    75.57

    +0.85%

  • BP

    0.0000

    35.26

    0%

  • BCC

    -0.8350

    75.675

    -1.1%

  • AZN

    1.3500

    91.18

    +1.48%

  • RIO

    -0.0800

    75.58

    -0.11%

  • CMSD

    0.0600

    23.31

    +0.26%

  • BCE

    0.1861

    23.58

    +0.79%

  • RYCEF

    0.2200

    14.82

    +1.48%

  • JRI

    0.0435

    13.61

    +0.32%

  • BTI

    0.5700

    57.67

    +0.99%

  • RBGPF

    -3.4900

    77.68

    -4.49%

  • RELX

    0.8500

    41.23

    +2.06%

  • VOD

    0.1950

    12.785

    +1.53%

  • CMSC

    0.0200

    23.32

    +0.09%

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