The White House accuses over 40 countries, including key allies, of helping China evade US tariffs through a 'transshipment scam', costing the US Treasury $19-$26 billion and potentially displacing 450,000 American jobs annually.
The US and China are testing their post-summit detente through proposed trade and investment boards. Key issues like tariffs, drone security (DJI), and rare earths could challenge this stability if clarity is lacking.
Germany supports stronger EU trade defenses against a surge in Chinese goods, backing the European Commission's push to protect European industry amid a €360 billion trade deficit.
Beijing announced that Washington has committed to not exceeding current tariff levels on Chinese goods, a commitment made during trade talks in South Korea before President Trump's visit. This signals a move towards "managed competition" between the two largest economies.
Analysis of current U.S.-China relations following the tariff clash initiated by President Trump, where China is said to have prevailed.
