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How China, North Korea could be impacted if Russia-Ukraine war ends

How China, North Korea could be impacted if Russia-Ukraine war ends

Fox News4 hours ago
Gatestone Institute senior fellow Gordon Chang joins 'Fox News Live' to explain how a potential peace deal between Ukraine and Russia could be viewed in Asia, particularly by China and North Korea.
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Credit - Getty Images The U.S. and the People's Republic of China are strategic rivals in the battle for global leadership in the 21st century. So it was no surprise when President Donald Trump hit China with 20% tariffs in the first few weeks of his second term and then imposed reciprocal tariffs of 34% on 'Liberation Day.' And when Trump a few days later lowered tariff rates for everyone else to calm markets, he quadrupled duties on China to a whopping 145%. But all that now feels like ancient history. Over the past four months, Trump has bent over backwards to be kind to Beijing. The two sides announced a 90-day ceasefire in Geneva in early May, agreeing to reduce tariffs and negotiate their differences over export controls and other issues. (Remaining U.S. tariffs on China are still at roughly 55%, and China's tariffs on the U.S. stand at almost 33%. These are historically high levels, but not sufficient to outright stop trade.) 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They will enjoy the peace and quiet as long as they can, but they know they need to be prepared for the next round of escalation—whenever it arrives. Other countries, companies, and markets should, too. Contact us at letters@ Solve the daily Crossword

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