Trump to Meet Xi as China Invokes Anti‑Sanctions Law
SkimNews Take
The escalating trade dispute is not merely economic, but a strategic re-calibration of global power, with each nation leveraging its geopolitical influence to gain an advantage beyond market access.
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- Trump will meet Xi in May, marking his first visit to China in eight years.
- China invoked its anti‑sanctions law in May to block U.S. blacklisting of Chinese refiners, instructing firms to ignore the sanctions.
- Scott Bessent urged China to persuade Iran to reopen the Strait of Hormuz for international shipping.
- U.S. launched new Section 301 unfair‑trade investigations into Chinese industries in March, prompting reciprocal measures from Beijing.
- U.S. Supreme Court rejected Trump's global tariff regime in February, yet Trump signaled he will continue using tariffs.
Why it matters: U.S. manufacturers face higher input costs as China’s anti‑sanctions law and reciprocal tariffs tighten supply chains, while Chinese tech firms lose access to the U.S. market, shrinking export revenues by billions.
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