Standing outside his friend’s cupcake shop, he says Donald Trump’s levies are a sign that America feels threatened by China’s rise. America’s power is declining, he says. “To be honest, what you feel in today’s world is that hegemony is very hard to achieve.

U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown with China is unsustainable and expects a “de-escalation” in the trade war between the world’s two larg

Beijing has warned its trading partners against succumbing to US pressure to isolate China in President Donald Trump’s tariff war, as part of its carrot-and-stick approach to win over countries caught between the world’s two largest economies.